ESG products could become obsolete, says PIMCO
Many money managers claim responsibility is an integrated part of their business — and yet, their product range of ESG or impact strategies continues to widen. But there is a perfectly good explanation, says Mike Amey, Portfolio Manager and Head of ESG strategies at the EUR 1.42 trillion asset manager.
A growing number of asset managers offer strategies carrying a dedicated ESG or impact label. US-based Goldman Sachs, France’s Amundi, Japan’s SMAM and Swiss bank UBS do it — and the list could go on.
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