New York, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "ESG (Environmental, Social and Governance) in Wealth Management - Thematic Research" - https://www.reportlinker.com/p06328141/?utm_source=GNW
Environmental, social, and governance (ESG) is no longer just a buzzword.The theme is having a major impact on the broader financial services industry - particularly the wealth management sector.
Globally, HNW investors allocate an average of 26% of their financial assets to ESG investment products.However, there are strong differences between wealth managers’ ESG commitments.
According to 2021 Global Wealth Managers Survey, 51% of wealth managers in the HNW space have an ESG proposition; this proportion jumps as high as 87% in the UK but falls to as little as 23% in New Zealand.
Scope
- 82% of wealth managers expect the proportion of financial client assets allocated to ESG investments to increase over the next 12 months.
- HNW investors opt for ESG investments for a multitude of reasons. However, return on investment considerations are the number one driver.
- Younger generations are more open to ESG investments. Using the UK as an example, 75% of consumers in their 20s regard sustainable investing as “very important” or “somewhat important.”
- HNW investors expect a sophisticated ESG proposition. Globally, 73% of wealth managers agree that HNW investors expect ESG products that apply positive as opposed to negative screening strategies.
Reasons to Buy
- Learn about the size of the ESG market and understand HNW demand patterns across countries.
- Understand how HNW investors’ and retail investors’ attitudes towards ESG differ.
- Learn about product preferences in the ESG space.
- Learn about current compliance issues and the growing relevance of greenwashing, as well as the impact these factors will have on wealth managers.
- Understand what your competitors are doing in the ESG space via different case studies.
Read the full report: https://www.reportlinker.com/p06328141/?utm_source=GNW
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