'Socially Conscious' mutual fund launches at record high
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LONDON (Reuters) - A record number of 'socially conscious' mutual funds and exchange-traded funds were launched by asset managers last year, keen to tap growing demand from retail investors.A total of 382 such funds were launched globally during 2018 to take the total to 3,160, industry tracker Morningstar said. Collectively, they manage $1.2 trillion in assets, double the $622 billion (480 billion pounds) managed in 2009.Total flows into the funds were $39 billion, down from the prior year's..