Projected infrastructure spending in renewable energy could further support these portfolios. “People are very careful. They spend hours getting 50 bucks off on an airplane flight. They look at everything. And they’ll put $10,000 in some crazy stock they heard [about] on the bus — you know? And they have no idea what they’re doing. And somebody invented this awful term, before I got in the business, called play the market,” he said. Dozens of rival asset managers are on the brink of adopting the same structure, after the US Securities and Exchange Commission indicated it will allow the quantitative firm Dimensional Fund Advisors to do so in the coming weeks. Roughly 80 more competitors are in the queue for approval, including nearly every major name in the business. Sustainable bond mutual fund investing saw incremental gains, with green bond allocations increasing 9% in H1