About two-thirds of investors agree that the global pandemic has led them to place a higher priority on social factors when analyzing investment risk, according to a survey of attitudes toward ESG investing by Federated Hermes.
Nevertheless, governance still rules, the survey found, with 46% of investors considering it more important than environmental or social considerations when investing.
As part of the study, 90% of financial advisers reported that their clients ask about ESG. The majority of advisers considered responsible investing when making recommendations to their clients, indicating that ESG risk evaluation is becoming a key part of investment programs.
Investors are moving away from negative screening strategies that exclude certain investments, Federated Hermes said. Instead, 64% of high-net-worth investors and 74% of institutions focus on positive screening strategies, which is the inclusion of certain investments based on ESG data.
The survey, conducted in June and early July, included responses from institutional investors, financial advisers and individual investors.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
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"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
