ESG funds are set to hold more assets under management than their non-ESG counterparts by 2025, according to a PwC report first seen by the Financial Times.
Sustainable and responsible investment funds are expected to manage €7.6trn across Europe over the next five years. ESG funds' market share may rise to 57% in 2025, compared with the current 15%. Olivier Carré, one of the PwC study's authors, said the huge ramp-up in demand for ESG funds is one of the most significant developments the European wealth management space has seen for more than 30 years. ESG factor strategies twice as likely to outperform - Invesco "It represents a once-in-a-century opportunity - not only for the [asset management] industry, but for the future developme...
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