$5 trillion powering the green investment market

Investors have been mobilised by lacklustre political progress on climate change and now expect fund managers and company directors to act.

Protesters calling for stronger action at the COP26 summit in Glasgow. Nick O’Malley

Aleks VickovichWealth editor

Nov 17, 2021 – 5.00am

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As eyes around the world were turning to Scotland for the 2021 United Nations Climate Change Conference (COP26), research house Morningstar revealed the extent of demand for financial products with an environmental focus.

At September 30, “sustainable funds” around the world had a total of $US3.9 trillion ($5.3 trillion) in assets under management. In Australia, these green investment products are now worth a collective $38 billion, up 11 per cent over the September quarter.

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Aleks VickovichWealth editorAleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation.