The sustainability fund was brought about to provide clients with a sustainable fund, that is both good for investors, customers, and also good for the environment. It will have a positive financial outcome for those who choose to utilize the fund. People are more likely to invest in funds that reflect their own values and to stick with investing into those funds as long as possible. Sustainable funds are a great way to build businesses because it encourages clients to stick around long term.
Key Takeaways:
- Wells Fargo’s new fund invests in securities that have a positive social or environmental impact.
- The announcement comes on the heels of the launch of Coin, a new conscious investing platform backed by John Hancock.
- Asset managers say more expertise and precise data are needed to deliver success in sustainable investing.
“Eighty-two percent say it is possible to maximize financial returns while investing sustainably”
Read more: https://www.environmentalleader.com/2020/03/wells-fargo-launches-municipal-sustainability-fund/