Despite the crowing against environmental, social, and governance investing from some opportunistic politicians, ESG investing is gaining in popularity among investors. A new study by PwC shows that nearly 9 in 10 institutional investors (88%) believe asset managers should be more proactive in developing new ESG investment products.
“ESG has become perhaps the most powerful driver of growth in asset and wealth management,” said Olwyn Alexander, global asset & wealth management leader at PwC Ireland. “The surge in demand for ESG investments highlighted in our survey exceeds almost all previous expectations.”
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