Global Millennials are saving 11.2% of their salary for retirement, only slightly less than the average for all generations, as they aim for early retirement.
Schroders adds Global Sustainable Growth and Global Energy Transition to its UK sustainable fund range schroders.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from schroders.com Daily Mail and Mail on Sunday newspapers.
Will this focus on sustainability last?
NMB: “I think it will last and in simple terms it’s largely down to investment performance. The relative success of sustainable funds this year is very important because it was their first big test. This shows that sustainability isn’t a ‘luxury’ that investors can only afford to think about in the good times; it’s crucial in tough economic times too. Looking just at the European benchmarks, the MSCI Europe ESG leaders index returned -1.9% year-to-date compared to -5.6% for the broad MSCI Europe index (source: Morningstar, as at 30 November 2020). For me, this shows the sustainability debate will persist.”