Deutsche Bank Wealth Management Adopts MSCI Ratings in ESG Expansion
September 17 2019 - 5:53AM
Dow Jones News
By Dieter Holger
Deutsche Bank AG (DBK.XE) said late Monday that its
wealth-management arm will now use environmental, social and
governance ratings from index and research giant MSCI Inc. (MSCI)
as part of an expansion of its ESG lineup.
The German bank said it would also launch new research, client
materials and events around ESG.
"ESG comes up more and more often in our regular discussions
with clients," said Fabrizio Campelli, global head of wealth
management at Deutsche.
Institutional investors have flocked to values-based strategies
like ESG in recent years. Sustainable investing accounted for 26%
of professionally managed assets in the U.S. last year, up from 18%
in 2014, according to the Global Sustainable Investment Alliance, a
nonprofit.
But adoption among retail investors has been slower. ESG mutual
and exchange-traded funds held just $161 billion of $22.1 trillion
of fund assets in the U.S. last year, according to market
intelligence firm Morningstar.
Still, wealth managers at Bank of America Corp. (BAC), Morgan
Stanley (MS), and now Deutsche have ramped up their efforts to meet
perceived demand.
"A new generation of clients and society as a whole are becoming
increasingly aware of the responsibility that comes with wealth and
the positive impact that ESG factors can have on returns," Mr.
Campelli said.
Write to Dieter Holger at dieter.holger@dowjones.com;
@dieterholger
(END) Dow Jones Newswires
September 17, 2019 05:38 ET (09:38 GMT)
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