Experts argue, though, there’s more to ESG investing than just staying away from fossil fuel or tobacco companies. Moreover, most companies nowadays claim to be committed to global ESG issues, including workforce diversity, gender and racial equality, clean energy and community support, among others.
As the pandemic underscores the interconnectedness of sustainability and financial costs, investors want to know if the companies they are holding in their portfolios genuinely care about ESG.
“Investors are becoming increasingly aware of ‘greenwashing’ as some investment companies seek to capitalise on the global boom in ESG investing,” says Nigel Green, chief executive and founder of deVere Group, a financial advisory firm.
It will offer international ‘distribution opportunities’ through the company’s IFA network
Wealth manager Ganita Group has launched a platform for start-up funds and fund managers seeking international distribution.
Based in Cyprus and regulated by CySec (Cyprus Securities and Exchange Commission), the management company will serve as a platform for both aspiring and existing fund managers seeking to launch investment strategies.
Ganita Asset Management is expecting to launch seven different sub-funds by the end of January.
The Cyprus umbrella structure will allow for the passporting of Ucits and Aifm funds in the EU, as well as international distribution outside the EU.