Sustainable investing gaining ground in Asia
Sustainable investing continues to gain ground in Asia, with governments, pension plans and asset managers moving to incorporate environmental, social and governance (ESG) factors into their investment strategies, a new study finds.
Globally, most pension fund investors stayed the course with their asset allocation, even amid heightened volatility and uncertainty over the last year, according Mercer’s Asset Allocation Insights 2021 report.
Foreign equities now represent 51% of aggregate equity allocations globally, the first time since 2013 that exposure outside of investors’ home markets tipped over the midpoint.
The New York City-based asset manager says the report reflects growing interest in sustainable investing across the regions, in some cases accelerated by the Covid-19 pandemic, as stakeholders sought to address both economic recovery and sustainability objectives.
In Hong Kong and Taiwan, ESG factors are being considered within investment decisions, and Indian mutual fund companies have begun launching ESG-focused products.
Read more @The Asset
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