Asset Manager Fee Incomes Skyrocket from ESG Funds in 2022
ESG fee income grew 384 percent to $215 million in 2022.
Asset managers saw fee income from sustainable bond and equity funds multiply in 2022, with the former generating the largest revenue increase in percentage terms, and fee income swelling 384 percent to $215 million, according to a Fitz Partners estimate for Financial News.
That was accompanied by a 343 percent increase in the average assets under manage…
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