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Laxman Pai, Opalesque Asia: Global asset managers are ramping up ESG investments despite significant economic volatility and political friction, said a survey.
According to the Index Industry Association's ESG Global Asset Manager Survey, ESG's future role in global investment portfolios continues to increase. Asset managers in France, Germany, the UK, and US are ramping up their use of ESG factors.
Eight in ten (81%) asset managers say ESG has become more (54%) or much more (28%) of a priority to their investment strategy over the past 12 months, it said.
ESG investing remains on course to reach almost half of portfolios in 2-3 years and to reach 63% in 10 years. That's on par with last year's expectations (64%) but a notable rise from two years ago (52%). Interestingly, ESG support is highest among asset managers in the US, where 88% say it has become more of a priority.
The Index Industry Association, based in New York, represents the global index industry and its members administer more than 3 million indexes covering many asset classes, including equities, fixed income, commodities, and foreign exchange.
The third annual survey of 300 Chief Financial Officers, CIOs, and portfolio managers from the U.K., U.S., Germany, and France also found that nearly half of them, 48%, expect developments like AI and machine learning to have the biggest impact on ESG measurement and reporting over the next two years, driven in part by the need for more cohesive an...................... To view our full article Click here
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