IFAs are ‘decades behind’ portfolio climate risk

Press review CityWire Nice-based Lionel Martellini, director at the EDHEC Risk Institute in France, says these risks pose significant threats to portfolio performance. But ignoring them also risks putting off a younger generation of potential clients who care about the environment. ‘This concern will grow, and retail investors will increasingly focus on climate investing,’ he says. ‘It’s important to anticipate that change. It will come up fast – in fact, we are already seeing the trend among younger investors. Addressing climate-related risk in portfolios is important for every adviser – even ones who don’t care about it personally.” Copyright CityWire https://citywire.co.uk/new-model-adviser/news/ifas-are-decades-behind-portfolio… 2020