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Laxman Pai, Opalesque Asia: Despite recent global economic uncertainty and geopolitical turbulence, asset managers reported strong growth in ESG investment over the past year across asset classes and believe it will continue well into the future, said a survey.
According to the second annual ESG global survey of asset managers from the Index Industry Association (IIA), the vast majority (85% globally) reported that over the past year, ESG has become more of a priority within their company's overall investment offering or strategy, with just over a quarter (26%) saying it is "much more of a priority."
The survey, which polled 300 investment fund companies in the U.S. and Europe, found that projections for ESG growth have accelerated rapidly from where they were just one year ago. In the next 12 months, 40% of asset management portfolios are expected to include ESG elements (up 13 percentage points from the IIA's 2021 ESG survey).
That projection grows to nearly six in ten (57%) of portfolios in 5 years (up 13 percentage points from 2021). In the next decade, respondents expect ESG elements to be incorporated into nearly two-thirds (64%) of their portfolios - a notable increase from 52% in 2021.
According to the survey, while ESG incorporation has increased across all asset classes, fixed income has emerged as the fastest growing ESG asset class.
In fact, more than three-quarters of companies (76%) now implement ESG criteria within fixed income compared w...................... To view our full article Click here
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