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LONDON (Reuters) - Assets in mutual funds which invest according to environmental, social and governance (ESG) criteria in Europe grew sharply in 2020 and should continue to accelerate, Europe’s investment management industry body, EFAMA, said on Thursday.
FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, November 1, 2020, REUTERS/Kai Pfaffenbach/File Photo
Net assets in ESG funds grew to 1.2 trillion euros ($1.43 trillion) in 2020, up 37.1% from the prior year and compared to a 4.8% increase for non-ESG funds.
The surge in ESG assets has been driven by stimulus-driven market recovery and investors increasingly looking for resilient investments, as well as a push from governments to encourage environmentally-friendly investments.
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BlackRock says 17% of assets sustainable under EU rules: memo - Netscape Money & Business
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