Posted on Nov 17, 2020 at 10:59 AM
Socially Responsible Investment (SRI) is everywhere right now, including in money market funds. According to a study by the Forum for Responsible Investment (FIR), this asset class represented, at the end of June 2020, 31% of labeled assets, making it the second largest behind equities. This figure increased significantly during the first half of 2020, following the obtaining of the public seal by Amundi and two of its subsidiaries (CPR AM and BFT IM) for several media weighing more than 34 billion euros in total.
At Amundi, monetary management now represents 80% of SRI-labeled assets. This enabled the house to rise significantly in the ranking of the most important management companies in terms of SRI. Amundi also wants to continue developing its responsible monetary fund offering, with the ambition of labeling its main vehicles by 2021.