Report: Most U.S. money managers see sustainable investing as essential to thrive
By James Comtois
Most U.S. money managers view sustainable investing as a strategic business imperative and have adopted such investment practices, said results of a new survey from the Morgan Stanley (MS) Institute for Sustainable Investing and Bloomberg.
According to the survey, “Sustainable Signals: Growth and Opportunity in Asset Management,” 75% of respondents reported that their firms have adopted sustainable investing, up from 65% in 2016, when Morgan Stanley and Bloomberg conducted the previous survey of this kind.
“The survey results demonstrate that sustainable investment strategies are now a strategic imperative,” said Matthew Slovik, managing director and head of global sustainable finance at Morgan Stanley, in a news release announcing the survey results. “It is clear that asset managers will continue to invest new resources and expand their product portfolios in the coming years.”
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