Products aimed at clients who wish to invest responsibly have evolved from funds focused solely on excluding sectors perceived to be harmful, to funds across a spectrum which aim to make a positive impact.Â
But with recent bouts of underperformance, in part as a consequence of the asset class's traditional overexposure to growth stocks, and with regulatory frameworks being created in the EU and the UK, much is happening to investor returns.
This article, worth 30 minutes of CPD, explores how the responsible investment universe got to this point and what comes next for the asset class as it operates, for the first time at scale, in a world of much higher interest rates.
david.thorpe@ft.com