Assets in ESG (environmental, social, and governance) focused investments are expected to grow at a much faster pace than the asset and wealth management market as a whole, according to a new report. ESG assets in the United States are expected to more than double from $4.5 trillion in 2021 to $10.5 trillion in 2026, while ESG assets in Europe would increase 53% to $19.6 trillion. ESG assets are on pace to account for about 21.5% of total global investment assets under management in less than five years, the report noted.
