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Nearly 60% of institutional investors and wealth managers across Europe, with combined assets under management of over €150 billion, would prefer passive fixed income managers to integrate ESG considerations into their benchmark funds, research from European asset manager Tabula.
More than a third of those surveyed say they want passive managers to take a more proactive approach to ESG – such as optimising strategies to reduce principal adverse impacts (PAI); excluding controversial issuers more quickly; and applying stricter standards – but only as long as there is no significant impact on tracking error.
Just seven percent of those surveyed say passive managers should stick to tracking the index and not focus on ESG factors. Of the institutional...
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