Investment professionals are concerned demand for the ESG sector may have overtaken the sector's development as they say the area is becoming increasingly difficult to invest in despite the surge in popularity for ESG products.
Commentators have said the ESG [environmental, sustainable, governance] space lacks in reliable, comparable information, with a recent survey from Morgan Stanley finding out of 118 large asset management firms worldwide, only 42% indicated they had adequate tools to assess whether an ESG vehicle was appropriate for their client. Closer to home, a survey of 204 UK advisers - commissioned by HSBC Global Asset Management - found only 13% of IFAs thought current ratings for ESG products were sufficient, while 57% would like to see more product ratings. Which technology companies are mos...
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