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BDO swings to profit in Q2 on lower loss provisions

BDO swings to profit in Q2 on lower loss provisions
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Bdo Unibank Inc , பிடோ உனிபாங்க் இன்க் ,

BDO's ESG unit investment trust fund sees AUMs increase by 32%


BusinessWorld
April 22, 2021 | 12:01 am
BW FILE PHOTO
BDO UNIBANK, Inc.’s sustainability-themed unit investment trust fund (UITF) saw higher assets under management (AUM) in 2020, following the global trend of an increase in environmental, social, and governance (ESG)-themed investments.
The AUMs of the bank’s ESG UITF stood at P99.4 million as of end-2020, rising by nearly a third (32.1%) from the P75.2 million seen in 2019, the lender said in a statement on Wednesday.
It also climbed by 79% from the P55.5 million AUM level in 2016, which was when the fund was started.
“While the fund is still small, it has the potential to grow in size and importance as more investors are consciously looking for companies that protect the environment, are socially responsible, and practice good governance in a sustainable manner,” BDO said. ....

Bdo Unibank Inc , பிடோ உனிபாங்க் இன்க் ,