In September, UBS Global Wealth Management announced it would be recommending sustainable investments over traditional investments to clients.
It’s a significant signal to the investment management industry that sustainable investing is now mainstream and traditional investing – investing in firms without some lens of sustainability – may become a niche area for the likes of long/short hedge funds and distressed investors alone.
The move carries particular weight, given that several years ago UBS announced a change in strategy for its wealth management business to shift focus from revenue generation to investment performance.
The Trump administration [is] an albatross around the neck of sustainability
The debate around ESG returns has lingered far longer than is helpful.
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