Millennials are demanding responsible investments, and big finance is listening - Macleans.ca

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As their net worth grows, younger people want their investments to match their moral and political values. What are their options?

When economist Tim Nash started preaching the benefits of responsible investing more than a decade ago, he was labelled a “tree hugger” for his seemingly extreme strategy of putting money in companies that do good things for people and the planet.

There are now dozens of ETFs and mutual funds on the market that give investors access to companies across a wide range of sectors working to improve their ESG performance, from banks and insurers to resource extraction companies, as well as those focused on specific themes such as water, clean technology and gender diversity. While the products are there, the investor interest has been slow to follow, until recently.

Redding says he’s more concerned about where his money goes than how much it grows. “For me, performance isn’t the most significant factor in making this decision [to be a responsible investor],” he says. “It’s more about sending a market signal that businesses that value profits over people and the environment, in the long run, are going to lose out,” adds Redding, who describes himself as a long-term investor.

“The amount of money we’ve raised to date is a reflection of a retail market still in the early days of ESG investing—and we see this as a long-term growth opportunity,” Hawkins says. “As we work to dispel the myth about responsible investing returns, over time, we expect retail investors will look to make better investment choices for their portfolio and the planet, including choosing ETHI.

 

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They will learn the term in a bad way... Careful what you wish for....when they grow up.

Well, the Millennials are pretty much screwed. Canada is sinking under a mountain of debt. It is also being hit with a tidal wave of immigration. So good luck with that, kids. But at least you will always have 'OK Boomer'.

Please Maclean’s millennials do not have the money for big finance .

Bank on hope - demamd government pay them out when they bet on the wrong horse - or when their “hope” caused more harm than good.

The millennials that I know would say ' what net worth '

There first option, would be to stop following the fraudster Greta! Its not Climate change her group is promoting its fascist socialism!

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