Younger investors and female clients are having a marked influence on the growth of demand for socially responsible investment products, according to asset management giant BlackRock. The firm said that in 2016, it saw an increase in social investing products from its client base of more than 1 million people — up by about 50 percent compared with 2015. Why is the firm so focused on adding funds in that particular space? Millennials have become a key market because they are the biggest investors in exchange-traded funds and are socially aware, said Winsheel.
Younger investors and female clients are having a marked influence on the growth of demand for socially responsible investment products, according to asset management giant BlackRock. The firm said that in 2016, it saw an increase in social investing products from its client base of more than 1 million people — up by about 50 percent compared with 2015. Millennials have become a key market because they are the biggest investors in exchange-traded funds and are socially aware, said Winsheel.