When everyone is doing something it is tempting to jump straight in and follow the herd, usually without being fully prepared or informed.
Modern vernacular would term it FOMO - fear of missing out - and there is plenty of that in the fund and wealth management industry at present with a constant stream of ESG investing-related announcements from across the sector. According to Capgemini's World Wealth Report 2020, more than a quarter of high net worth individuals (with investible assets of $1m or more) said they were interested in sustainable products. That figure rose to 40% among ultra-high net worth individuals (with $30m or more to invest). Rathbones' Harrison: Green infrastructure is a chance to build back better ...
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