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.
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
