Covid-19 renews Asia's focus on sustainable investing: UBS
Wealth manager makes sustainable investments preferred solution for private clients investing globally
Add BT as a preferred source
Singapore
THE ongoing pandemic has sparked Asia's renewed focus on sustainable investing (SI), with wealthy families increasingly turning to businesses that are able to tide over the global health crisis.
UBS, the world's largest wealth manager, is expecting its family offices in the region to more than double their ESG (environmental, social and governance) asset allocation to 19 per cent of their overall portfolio in the next few years, up from 9 per cent currently.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Indonesia bets on creative economy, IP for growth amid rising global competition
