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 FT.
Sustainable and responsible investment funds are expected to manage €7.6bn across Europe over the next five years, with ESG funds potentially seeing a three-fold increase in assets and a 42 percentage-point jump to a 57% market share by 2025. 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. "It represents a once-in-a-century opportunity - not only for the [asset management] industry, but for the future development of the overall ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
