As the integration of environmental, social and governance principles in portfolio construction continues globally, U.S. institutional investors are becoming more skeptical about how well such investments perform, according to a survey on responsible investing by RBC Global Asset Management.
Compared to 2019, the percentage of institutional investors who believe ESG-integrated portfolios are likely to perform as well as or better than non-ESG integrated portfolios has increased in Canada (97.5%, up from 90% last year), Europe (96% vs. 92%) and Asia (93% vs. 78%), RBC said in a press release.
At the same time, U.S. respondents have become more skeptical. Just 74%, down from 78% in 2019, believe integrated portfolios perform as well or better. And more than a quarter of U.S. respondents believe ESG-integrated portfolios perform worse, up from 22% last year.
Other key findings from the survey include: closer investor attention to supply chain risk, continued strong support for diversity and inclusion efforts, more interest in impact investing, greater demand for more climate-related investment solutions, and a continuing emphasis on anti-corruption efforts.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
