Who cares wins
by Andrew Hardy, CFA
Nobody could have missed the global awakening to the debate on climate change over the past year. The greater frequency of extreme events – fires, storms, flooding – as well as the increased visibility of movements like Extinction Rebellion have been key driving forces behind this, although the heightened attention is long overdue. Within the investments industry this has translated into a marked increase in demand for strategies that focus on sustainability; an inexorable trend that the whole industry needs to adjust for.
Market Snapshot
- Most equity bourses ended the week in positive territory
- Coronavirus concerns dominated sentiment again, but containment confidence grew
- Brent crude rose 5.2% ending the week at $57.2 a barrel
- Gold rose 0.9% ending the week at $1583.7 an ounce