Fund Managers Shifting Toward Sustainability, Broker Says
Law360, London (October 28, 2019, 6:26 PM GMT) -- The world’s biggest fund managers increased their socially responsible assets in 2018 despite the fact that their total assets under management declined 3% from the year before, according to new research published Monday.
Assets held under environmental and social mandates — rules that require investment based on socially conscious principles — grew 23.3% during the year while the total assets under management in the biggest firms contracted, new Global 500 research released by the Thinking Ahead Institute showed.
The research showed that sustainability was a major focus for the sector in 2018, the institute said.
The report found that clients' interest in...
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