News | 03.16.20
Financial Advisors Turn to ESG, Warily
U.S. assets under management using sustainable strategies reached $12 trillion at the end of 2018, roughly a quarter of all professionally managed assets in the country, according to the Global Sustainable Investment Alliance. Most of the total, however, comes from institutional money. Among mutual funds and ETFs, sustainable funds held $137.3 billion in the United States at the end of last year, less than 1 percent of the country’s total $20.7 trillion of fund assets, even though inflows more than tripled last year from 2018. Many wealth management firms are taking steps to make their advisors and their clients more familiar with and comfortable with sustainable investing, despite continued skepticism among both groups.
Read the full article on Wall Street Journal