There’s a ‘Seismic Shift’ in ESG Investing, Says Fund Pioneer
- Australian Ethical now has more than A$5 billion in AUM
- Chief McMurdo is seeing significant momentum in demand
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An Australian money manager that’s been building ESG funds since 1986 is seeing an acceleration in assets under management as demand ramps up from investors following years of slow growth.
“There’s been a seismic shift in the interest and demand for this style of investing,” John McMurdo, chief executive officer at Australian Ethical Investment Ltd., said in an interview in Sydney Thursday. “There is significant momentum.”