ESG Asset Recount in Europe to Ax ‘Vague’ Fund Strategies
- Eurosif is delaying review as ESG fund market hit by turmoil
- Academic designing new system suggests market may be halved
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Fund managers offering hard-to-define strategies such as “ESG integration” will be excluded from the next major tally of Europe’s sustainable investing market.
The European Sustainable Investment Forum, whose most recent estimate put the market at $12 trillion, is in the process of developing a revised methodology to calculate its actual size.