Institutions Warm to Socially Responsible Funds
“We have found that many large public pension funds are adopting processes for integration of ESG investments into their portfolio,” stated Michele Giuditta, associate director at Cerulli. “As institutional markets become increasingly competitive, asset managers are finding ways to diversify their offerings and socially responsible investing is one form of diversification we are seeing.”
Guiditta added that the other two most-requested products were emerging market and long duration fixed-income products.
