MANAMA: Billions of dollars are flowing into Environmental, social and governance (ESG)-benchmarked funds as markets undergo a step-change in the way investors perceive companies and do business, according to a regional wealth management firm.
Indosuez’ global head of the Middle East and Africa Francois Farjallah told the GDN that the trend is rapidly gaining traction in the emerging markets of the Arabian Gulf, driven in part by the recent surge in foreign investment into bourses from the UAE to Saudi Arabia as they join new emerging market indexes such as MSCI and FTSE Russell .
