UK wealth managers and private banks are increasingly turning away from active ESG strategies in favour of passive ones, research by Cerulli Associates has found.
According to Cerulli Associates' latest Cerulli Edge - European Edition report, responsible investment allocation has been evolving and expanding towards fixed income and passive strategies. EU review of SFDR 'welcomed' by industry despite potential 'frustration' It found that demand for passive ESG vehicles has nearly tripled versus the request for active ESG strategies, with 29% of wealth managers and private banks reporting high order for index ESG funds, compared with 10% for active ESG funds. Cerulli Associates noted that while the vast majority of ESG funds in the UK were com...
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