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The Covid-19 crisis -- which unleashed an economic and financial shock of unprecedented magnitude -- has impacted businesses in a variety of ways. The asset management industry was confronted with sell-offs of traditional assets, but investment flows in environmental, social and governance (ESG) funds proved resilient. With household savings at a robust level, the challenge facing the sector is to drive the transition to a low-carbon economy. The latest regulatory initiatives taken by the European Commission should help move this challenge along. First date of publication: May 2020 |
