Wealth Adviser Newsletter 10.06.22

When ESG gets tough

Research from American Century Investments reveals that there is growth in demand for a stronger solution to the world’s ills than the ESG route – impact investing is gaining strength across the board.
"We see a rising demand for impact investing across geography, generation and gender, along with favourable economics and a supportive political and regulatory environment that will drive changes and advances in sustainable investing over the coming year," says Sarah Bratton Hughes, senior vice president and head of ESG and sustainable investing for American Century Investments.
And the appeal of impact investing has grown more in the UK than in any other country surveyed, a fact driven, the survey says, by a COVID-19 driven global economic downturn, rising to 63 per cent (more than three-in-five), up from 48 per cent in 2020. In the United States, 61 per cent of respondents found impact investing appealing, up from 51 per cent in 2020, while the appeal in Germany increased from 35 per cent in 2020 to 44 per cent in 2021.
Another piece of research published this week reveals again that the affluent young are taking the managing of their money very seriously.
Research from RBC Wealth Management, part of Royal Bank of Canada, shows that four in five (79 per cent) affluent 25–34-year-olds in the UK have a wealth management solution in place and nearly a third (31 per cent) have either started using a wealth management solution within the last six months or plan to find one in the next six months. Only some 6 per cent claimed to not need a wealth management solution.
All good news for the wealth advice industry.
Our sister site, ETF Express sees the publication of the latest ETF Innovators’ piece this week, with Michael Sonnenshein, CEO at Grayscale Investments in the US talking us through ‘The companies of the digital economy’.
To read the piece now please click here.
Beverly Chandler, managing editor, Wealth Adviser
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