May 10, 2021
Socially responsible investments that track factors like environmental, social, and governance principles have been drawing a lot of attention lately, and the category could begin to rival some other mainstream investments.
BlackRock’s head of iShares Americas, Armando Senra, argued that ESG investmets could grow to $1 trillion in assets by 2030, CNBC reports.
The ESG fund category is just starting to pick up momentum over the past year as “we’re just at the very beginning” of what could be a decade-long growth story, Senra told CNBC.
The ESG category is already on pace for a record year of inflows, bringing in over $21 billion in the first quarter of 2021 alone. To put this in perspective, ESG funds attracted over $51 billion in net inflows for the whole of 2020, brought in $21.4 billion over 2019, and saw about $5.4 billion in inflows in 2018.