Nomura’s June outlook states ESG vs Impact Investing portfolios may diverge on inflation resilience. Impact funds with green infrastructure exposure averaged +6.1% Q1 growth, outperforming broad ESG indexes impacted by financial sector volatility in March banking stresses. Interactive Brokers also charges one of the lowest rates for margin loans in the industry. That’s great for more active traders who like to borrow but may be meaningless for others. "The Hong Kong government has been promoting both family offices and sustainable investments in the city in recent years," Chan said. "Also, as all listed companies in Hong Kong are required to disclose their ESG policies, this has made it easier for family offices to pick impact investment targets." ESG indexes tracked by FTSE outperformed by 0.9% in the past quarter, though impact funds with targeted social outcomes returned +1.5% — an edge fueled by UN-backed blended finance initiatives that are translating into concrete earnings boosts in select equities.