Garrett-Cox: Industry failing retail investors on ESG fund choice and information

Recent launch plans cancelled due to lack of demand

The asset management industry is "failing consumers" in not making the case for ethical and ESG investments, according to former Alliance Trust CEO Katherine Garrett-Cox.

Speaking at an industry event, Garrett-Cox, now CEO of financial services firm Gulf International Bank UK, said investors need more transparency on underlying portfolios, investment returns and data, as well as broadening their choice of fund. She also bemoaned a small number of recent fund launch cancellations due to apparent lack of demand, which she claimed was "somewhat counter-intuitive". NCI: Over 90% of boutiques incorporate ESG in portfolios Garrett-Cox said: "Candidly, I really do believe we are failing consumers in not having appropriate benchmarks, not having appropriate...