Impact investing demand surged in Q2 2024

Impact investing demand surged in Q2 2024, with over $28B in new capital allocations globally. This capital rotation into ESG-aligned stocks has tightened spreads in green bonds and boosted valuations in renewable energy ETFs by nearly 5% over the past month. The government has proposed to include carbon credits and digital assets as qualifying assets eligible for tax concessions for funds and single family offices, with plans to introduce the bill to the Legislative Council in the first half of next year. Impact investing seeks financial returns and measurable social or environmental benefits. Impact investing indexes tracking global wind energy firms have charted a sharp uptrend, with RSI readings maintaining bullish momentum. This pattern aligns with historical pre-earnings rally behavior.