Many investors regard ESG as safe-haven investments, a report by financial services firm deVere Group claims.
According to deVere, nearly 60% of its clients seeking to include ESG investments in their portfolios believe sustainable funds offer financial protection in times of uncertainty.
The firm said investors were increasing exposure to ESG strategies in a similar way to how they would approach traditional safe havens, such as gold and US bonds during market volatility.
Chief executive Nigel Green said there’s been a “massive” surge from clients looking for ESG investments this year with more than a quarter of deVere’s 80,000 clients saying they were considering or already in responsible and sustainable investments.
“The global public health crisis has acted as a wake-up call in many respects. It has prompted a growing collective awareness of mutual responsibility that fits perfectly into the narrative of ESG investing,” Green added.
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