DBS Private Bank sees wave of interest in ESG among clients
Assets under management in its ESG funds more than tripled as at May this year, as the pandemic drives ESG agenda.
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DBS Private Bank is seeing a wave of interest in environmental, social and governance (ESG) investments among its well-heeled clients in the past year, driven in part by the global health crisis which has accelerated the ESG agenda.
Assets under management (AUM) in its ESG funds rose 260 per cent as at May 2021, said Joseph Poon, group head of DBS Private Bank.
In another sign of this seismic shift in sentiment, when the private bank relaunched its MSCI ESG Outperformance notes, AUM grew by seven times that of the amount raised when it was first launched in 2018.
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