Hortense Bioy, CFA

More From Hortense Bioy, CFA

How SFDR 2.0 Could Reshape ESG Fund Flows

With or without the changes to the SFDR regime, dark-green funds continue to bleed money.

Hortense Bioy, CFA Feb 13, 2026

ESG Funds: 2025 Closes With Continued Outflows Amid Persistent Headwinds

Outflows triggered by UK investors shifting assets to bespoke sustainable accounts.

Hortense Bioy, CFA Feb 4, 2026

Global ESG Fund Flows Rebound in Q2 2025 Despite ESG Backlash and Geopolitical Uncertainty

Europe drives the flow recovery, while the US bleeds money for the 11th quarter in a row.

Hortense Bioy, CFA Jul 28, 2025

Global ESG Funds Suffer Outflows in Q1 2025 Amid Intensifying ESG Backlash

Europe records first quarter of net outflows. US has 10th quarter of withdrawals.

Hortense Bioy, CFA May 6, 2025

Inflows Surged for European Article 8 ESG Funds in Q4

Redemptions of ‘dark green’ Article 9 funds persisted. Expect name changes in the coming months.

Hortense Bioy, CFA Feb 5, 2025

More About Hortense Bioy, CFA

Hortense Bioy, CFA, is head of sustainable investing research for Morningstar UK Ltd, a wholly owned subsidiary of Morningstar, Inc. Based in London, Bioy leads Morningstar's environmental, social, and governance research efforts globally, with the objective of educating investors and providing them with the tools they need to evaluate funds through an ESG lens. Prior to assuming this role in February 2021, she was responsible for Morningstar's sustainability research in EMEA for three years.

Before transitioning to a dedicated ESG focus, Bioy was European director of passive strategies research. She led an award-winning team that provides research on exchange-traded funds and index funds. Bioy joined Morningstar as an ETF analyst in 2010 from Bloomberg, where she was a financial journalist. She began her career as a mergers and acquisitions analyst at Société Générale in Hong Kong.

Bioy holds a master's degree in finance from Paris Dauphine University and a postgraduate degree in finance from Paris-Sorbonne University. She also holds the Chartered Financial Analyst® designation.