Investing in esg funds portfolio managers report increasing

Portfolio managers report increasing ESG allocations in European markets due to favorable policy frameworks. Investing in ESG funds has gained traction among U.S. retail investors too, with 22% of new brokerage accounts adding green ETFs in recent weeks. Aniket Shah, managing director and global head of sustainability and transition strategy at Jefferies Financial Group Inc., says the fact that investors can measure the real-world effect of impact investing gives it the potential to be more powerful than basic screening for ESG (environmental, social and governance) risk. Amy Scott: But it stayed on the blacklist. Now the company is part of a lawsuit challenging the state's anti-ESG law on constitutional grounds. But while Texas and a growing number of states have sought to outlaw climate-conscious investing, other governments are taking the opposite approach, like New York City. Large-cap ESG fund holdings in wind tech are expected to see double-digit revenue growth this year. Investing in ESG funds could capture this upside as supply chain efficiency improves and capital costs decline due to government subsidies.