ESG funds to surge in the next five years

A report predicts demand for ESG funds will surge in the next five years, altering the investment landscape. Entitled "The growth opportunity of the century", the report from PwC Luxembourg described ESG as representing a "paradigm shift", the largest fundamental change in the investment landscape since the introduction of exchange traded funds. European ESG assets are forecast to reach between €5.5trn and €7.6trn in the next five years, making up 41% to 57% of total fund assets in the region. This compares to just over 15% of assets ESG accounted for at the end of last year, and woul...