Financial adviser and wealth manager sentiment towards ESG worsens

Pessimism about the performance of ESG-focused strategies has "plumbed new depths," AIC found, with 10% of intermediaries expecting ESG investing to improve performance and 51% expecting it to worsen returns – a net favourability score of -41%. Source: AIC/Research in Finance. * Net favourability score is the % of respondents who expected ESG investing to improve performance, charges or risk minus the % who expected it to have a detrimental effect. Slowdown in demand as only 11% of clients proactively raise ESG Meanwhile, the research found that only 11% of clients proactively ...