It comes amid growing investor interest in sustainable investment funds in the wake of the coronavirus pandemic.
"Governments around the world have been stepping up their support for green projects in recent years, both through regulation and through fiscal spending," analysts at UBS said in a research note published on Tuesday.
In a report published earlier this month, researcher Morningstar cited three factors contributing to record second-quarter inflows into ESG funds. It comes after net inflows of $71.1 billion between April of June this year, driven by growing investor interest in sustainable investment funds in the wake of the coronavirus pandemic.
"This has intensified in the wake of the Covid-19 pandemic, as governments have committed to a green recovery," they continued. The "emphasis should add impetus to the performance of ecologically friendly companies over the coming years."earlier this month, researcher Morningstar cited three factors contributing to record second-quarter inflows into ESG funds.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TikTok Begins Doling Out $1 Billion Bonuses To Top Creators As Facebook Tries To Lure StarsI'm a British-born reporter covering breaking news for Forbes, with previous experience at CBS, CNN and Inc. I attended NYU where I studied Politics, Economics and Languages (I speak French and Spanish) and ran the student newspaper.
Read more »
Baltimore Ravens Donating $1 Million To Fight Social InjusticeThe Baltimore Ravens are donating $1 million to fight for social justice, and their star players are deciding who gets the money.
Read more »
Israeli jeweler makes $1.5m gold coronavirus maskAn Israeli jewelry company is making what it says is the world's most expensive coronavirus face mask — a $1.5 million gold face covering encrusted with 3,600 diamonds
Read more »
Israeli jeweler makes $1.5m gold coronavirus maskIt will be decorated with 3,600 diamonds, fitted with first-rate filters and bear a price tag of $1.5 million. An Israeli jewelry company is creating what it says will be the world's most expensive coronavirus mask.
Read more »
Britney Spears' Conservatorship Cost Her More Than $1 Million in Legal Fees Last Year - E! OnlineAccording to new court documents, Britney Spears legal team received over $1 million for 2019 because of her conservatorship.
Read more »
‘Long-Short’ Funds Missed Their MomentThe stock-market volatility in the first half was a fertile environment for long-short funds. Yet most of these investments lost money.
Read more »