Group 1 - Impax Asset Management has entered the US ETF market by converting a $100 million mutual fund into the Global Infrastructure ETF (BLDX) [1] - The growth of active ETFs has made them a preferred investment vehicle for many investors, prompting Impax to consider converting more of their funds into ETFs [2] - In 2022, a record 60 mutual funds converted to ETFs, indicating a trend among mutual fund providers to explore ETF share classes [3] Group 2 - Sustainable mutual funds and ETFs experienced a peak of $650 billion in net inflows in 2021, but faced negative sales in 2022, with net outflows of approximately $84 billion [3] - The US sustainable funds category has seen asset declines for several years, influenced by political pushback against environmental, social, and governance criteria [3]