Many of European Companies to Stop Launching non-ESG Funds
Nearly two thirds of European asset managers will stop launching non-ESG products within the next two years. Meanwhile, more than 50% of independent financial advisers and private and retail banks will stop distributing non-ESG strategies by the end of 2024. What is meant by ESG funds? ESG funds are portfolios of equities and/or bonds for which environmental, social and governance factors have been integrated into the investment process. This means the equities and bonds contained in the fund have passed stringent tests over how sustainable the company or government is regarding its ESG criteria. Many of European Companies to Stop Launching non-ESG Funds www.BloggerPrice.com The share of ESG assets in European mutual fund assets could expand from 37% at the end of 2021 to 56% by 2025. The Companies that continue to offer both ESG and non-ESG products, on the other hand, could face long-term challenges. As regional regulations become increasingly stringent and as efforts towards the dev
