COLORADO SPRINGS, Colo. (Reuters) – Specialised fund managers who pioneered inexperienced investing for many years are lacking out on among the spoils because the sector goes mainstream and enormous companies transfer in.
FILE PHOTO: Merchants work on the ground on the New York Inventory Alternate (NYSE) in New York, U.S., October 18, 2019. REUTERS/Brendan McDermid
So-called sustainable funds, which choose shares primarily based on environmental, social or governance (ESG) standards, are on observe to absorb greater than $16 billion in internet new deposits this 12 months, triple final 12 months’s file of $5.5 billion, in response to fund tracker Morningstar Inc.
However the brand new cash has largely gone to…