Studies have showed the increasing growth of institutional investors using socially responsible investing. Indeed, even Larry Fink, CEO of BlackRock, recently predicted that the future of investment is in sustainability, and that ETFs that focus on ESG will grow to $400 billion from today’s $25 billion in the next 10 years, according to the Financial Times. But are financial advisors following this lead?
A recent Eaton Vance Advisor Top-of-Mind Index (ATOMIX) survey of 618 advisors found that 79% did incorporate SRI investing into their practices, and of those, 44% said it was an important part of their practice, which is up from 31% from only six months ago.
Further, 35% reported increased interest from clients, while 60% stated SRI is an “ongoing topic of discussion.”