147 days ago • Posted by William Ramstein
Investors put a record $27.4B in ESG ETFs says FactSet
ESG has staying power. Biden administration bolsters odds for climate friendly firms to succeed with new legislation in the pipeline for the next presidential administration. BlackRock has been the most prolific adopter this year excluding fossil-fuel, tobacco and weapons industries from their new ETFs. Part of this trend is of course related to returns. A BlackRock survey of 425 managers suggests plans to double down on their sustainable AUM to over one third of their portfolios by 2025.