I’m old enough to remember in 2007, being invited to an event at which five different companies were launching property funds. I’m not claiming to be the ‘Big Short’ guy, but did have a feeling that the writing was on the wall. Which it was. Today’s trade press featured three new ‘ESG’ (ethical to you and me) fund launches and I wouldn’t mind betting there’ll be another few before the week’s out. It has to be good news that more are jumping on the bandwagon of making money do good stuff. But choose carefully and take advice, as many will dip out as quickly as they’re dipping in. I’d say.
“Wealthy Brits refocus portfolios ethically ‘with urgency'”
What big investors, like fund managers, pension funds, and in this case the ultra-rich do with their money could save the planet more effectively than any of Boris’s bikes. Sorry, maybe that was a tad cynical. But if you want big business to take notice, money talks....