Personal Capital, an online financial advisor, and personal wealth manager, formally announced its Socially Responsible Personal Strategy Investment portfolios surpassed $1 billion in assets under management.
What Happened? Alongside a historic liquidation in financial markets, investors helped fuel a 109% year-over-year growth in total assets managed in ESG portfolios, signaling a market-wide appetite for sustainable investing.
“We’ve seen assets managed in our ESG portfolios more than double year-over-year in every month since inception,” said Brendan Erne, Director of Portfolio Management at Personal Capital. “There is clearly a growing interest in those looking to invest more sustainably and responsibly.”
Since 2018, in partnership with Sustainalytics, a leader in ESG and corporate governance research, Personal Capital’s Socially Responsible Personal Strategy has provided investors the ability to make an impact with their portfolios.
“We use a combination of exclusive and inclusive filters, which allow us to avoid controversial categories and simultaneously