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Nearly sixty percent of institutional investors and wealth managers across Europe, with combined assets under management of over €150 billion, would prefer passive fixed income managers to integrate ESG considerations into their benchmark funds, even if this results in a degree of tracking error, research from European asset manager Tabula Investment Management (“Tabula”) finds.
More than a third of those surveyed say they want passive managers to take a more proactive approach to ESG – such as optimising strategies to reduce principal adverse impacts (PAI); excluding controversial issuers more quickly; and applying stricter standards – but only as long as there is no significant impact on tracking error.
Just seven percent of those surveyed say...
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