Gulf families shift to ‘responsible investing’

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Wed, 2020-11-25 00:36

LONDON: Rich Gulf family groups are increasingly being coaxed toward more sustainable investing, a survey has found.

Almost three in five (59 percent) older generations of high-net worth families in the GCC say millennials are leading their family toward more sustainable investing, according to a report from Barclays Private Bank.

It found that ESG investing has been brought into wealthy families’ consideration by younger generations, leading to increased family allocations to sustainable assets.

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