Singapore
BLACKROCK has found that sustainable funds and companies delivered stronger risk-adjusted performance in the first quarter, when markets were roiled by Covid-19-related upheaval.
The findings support the firm's research since 2018 that sustainable strategies do not entail a return tradeoff and have "important resilient properties''.
BlackRock also found that sustainable open-ended funds and exchange traded funds (ETFs) attracted US$40.5 billion in new assets in the first quarter, a 41 per cent rise year-on-year. US sustainable funds alone attracted US$7.3 billion.
Geraldine Buckingham, BlackRock chair for Asia Pacific, said that in the surveys and discussions with Asian clients, sustainability...