Smith Bockius Releases Report on Pension Fund Market Sentiment and Direction
Industry: Business
The firm’s study shows that the time in which the environment is overlooked for profit gains has come to an end
Singapore (PRUnderground) May 5th, 2021
Smith Bockius, a private asset management company engaging a multi-platform market strategy, with a unique approach that utilizes comprehensive financial planning processes and provides forward-thinking solutions to high net-worth individuals, corporations, institutional clients and non-profit organizations, today released a market report regarding the pension and retirement fund industry preferences and sheds light on the overall attitude that the pension fund managers have towards sustainable finance and environmentally conscious investing. The information presents a positive trend in ESG (environmental, social and governance) projects participation.
Smith Bockius is a consecrated Alpha player in the asset management industry so it considers it a responsibility to constantly engage in market surveys that come to shed light on the overall industry trends. The new market outlook is concentrated around the information coming from the retirement funds sector and shows that most of the top players in this industry have prioritized the pursuit and inclusion of environmentally friendly profit-making endeavors.
According to the study, conducted on the 35 biggest pension fund managers in Asia, the number of entities not involved at all in ESG investments has dropped from 9% last year, to only 5% in the present. This is a decrease of almost 50% in just the last 12 months, therefore, it is expected to go down to zero in the next 1 year.
In the same time, the study shows, the number of pension fund managers in Asia that are endorsing ecologically friendly projects have set in place harsher internal policies that aim to instruct their fund managers to structure their funds accordingly. 56% of participants have a time frame of maximum five years from now to increase their ESG aligned holdings by 25%, while 23% of them are interested in achieving these numbers in the next 10 years.
Smith Bockius’ study also shows that more that 70% of respondents have declared that they stand to lose their management position within their organization if they do not apply the new directives with the vigor and determination dictated by the Executive branch.
About Smith Bockius
Smith Bockius is a private investment company providing reliable and forward-thinking solutions for our clients’ most significant financial decisions. Fundamental to Smith Bockius’ mission to enhance our clients’ financial resources is a client-centric approach to investment management. Our dedicated relationship management team of seasoned professionals offers the highest quality products, services, advice, and sustainable value, ensuring our customers receive excellent solutions to meet the unique needs of high net-worth individuals, corporations, institutional clients and non-profit organizations among others. Our commitment to providing excellent service solutions and our strong sense of social responsibility have earned us numerous accolades and industry recognition.
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