Millennials call on investment firms for better ESG information

Firms 'ill-equipped' to meet young demand

Firms are "ill-equipped" to capture millennial demand for responsible investments as 80% of the younger generation indicate interest in the area, but feel they lack vital information on the topic from providers, according to research by First State Investments.

A study entitled Millenials & Responsible Investment conducted with Kepler Cheuvreux of 540 investors, 79% of whom were millennials, found over 80% of millennials were interested in making responsible investments. However, while they were receptive to the theme, only 9% were currently invested in a fund focused on sustainability. About half of respondents said perceived lower returns and higher fees associated with these types of funds would deter them from investing. Steve Andrews: True or false? Five millennial myths busted Will Oulton, global head of responsible investment at Fi...