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

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.

Most investment managers claim that sustainability and responsibility are an integrated part of how they invest. But the supply of products with a ESG or impact label grows almost week by week, which raises the obvious question: If ESG is integrated in all of the investment processes, why the need to offer labelled products?

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch