Wealth managers are failing to discuss responsible investing and ESG issues with retail investors, a new study from Oxford Risk has shown.
The study interviewed 457 investors managed by wealth managers and found that almost half (46%) of respondents have never been contacted to discuss their attitude to ESG and responsible investing, while only 37% said that their own portfolio reflects their views on sustainable investing. Vanguard bolsters ESG product line-up with two new ESG ETFs This has led to 32% of investors reporting that their wealth manager does not address their ESG investing needs. A failure to properly engage in ESG has led to underinvesting by retail investors, with 31% reporting that they would inve...
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