The RIA aims to drive the growth and development of RI in Canada, with a vision to align capital with sustainable and inclusive development as codified in the Paris Agreement and the United Partners Nations Sustainable Development Goals. [...] Responsible Investment on the Rise According to the RIA’s most recent assessment of the size of the RI market in Canada, total RI assets under management (AUM) have grown at a rapid rate, to $3.2 trillion at the end of 2019. [...] More than half of the advisors surveyed expressed some level of concern about greenwashing, lack of standards, financial performance, the quality of product options, lack of fund certification, the quantity of product options, and fees. [...] With investor interest in RI, investor concerns around climate change, and the sheer number of RI products all on the rise, advisors may need to take greater initiative when it comes to RI in order to close the RI Service Gap and meet their clients’ evolving demands. [...] • Lastly, 57% of those advisors who reported having excellent or very good RI knowledge said that the topic is raised frequently or sometimes compared to 34% of those who described their knowledge as adequate and 8% of those who described their knowledge as poor.
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- Published in
- Canada
