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.
Mike Amey, portfolio manager and Head of PIMCO's ESG-strategies. Prior to joining PIMCO in 2003, he was head of U.K. fixed-income at Rothschild Asset Management. | Photo: PR: PIMCO
Mike Amey, portfolio manager and Head of PIMCO's ESG-strategies. Prior to joining PIMCO in 2003, he was head of U.K. fixed-income at Rothschild Asset Management. | Photo: PR: PIMCO

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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