Europe: Fund managers set to go all in on ESG, survey says

Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC Luxembourg showed on Monday.

Flows into ESG funds have surged in recent years, driven in part by a growing regulatory focus on issues such as climate change as governments seek to push more money to activities that can help them meet their net-zero emissions goals.

The PwC survey of 3,354 respondents suggested ESG assets domiciled in Europe could grow to between 7.4 trillion euros and 9.0 trillion euros ($7.8 to $9.5 trillion) by 2025 and account for up to 56% of total European mutual fund assets, against 37% at the end of last year.

Read more on reuters.com

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