Will they shape the future?
Millennials are more inclined than previous generations to consider responsible investing, which includes integrating environmental, social and corporate governance (ESG) factors into their portfolios, according to a 2016 report by the Responsible Investment Association.
Here are some highlights from the report:
Millennial investors view companies with strong social and environmental practices as more profitable and overall superior long-term investments. Millennials are:
believe it is important for their financial advisor to be knowledgeable about RI issues and trends, compared to 52% of Gen X and 54% of Boomers
These trends demonstrate a bright future for responsible investing. As millennials’ incomes begin to rise and the $30 trillion they are poised to inherit starts trickling down into the hands of this emerging generation of investors, the responsible investing industry is expected to grow exponentially.1
1Wall Street Has Its Eyes on Millennials' $30 Trillion Inheritance. Bloomberg, March 3, 2015
This information has been provided by RBC Global Asset Management Inc. (RBC GAM) and is for informational purposes only. It is not intended to provide legal, accounting, tax, investment, financial or other advice and such information should not be relied upon for providing such advice. The information contained herein is from sources believed to be reliable, but accuracy cannot be guaranteed. Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers.
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