Commentary: China and ESG — a delicate balance
China and sustainable investing are two of the most important growth drivers for the asset management industry. So far, fund managers have pursued these two efforts in splendid isolation, without worrying about how activism at home might affect business in China. We expect this partition of affairs won't be sustainable for much longer. China represents the single most attractive new growth region for asset managers. It is already the second-largest market (after the U.S.) for asset management services: By year-end...