From Yahoo Finance: 2025-03-24 16:37:00

Amundi SA is preparing for a shift in investor preferences due to differences in how asset managers in the US and Europe approach stewardship and climate policies. State Street and BlackRock face challenges as European investors review mandates over climate concerns. European funds embracing ESG goals are seeing inflows, while US funds are seeing outflows.

Major US asset managers, including BlackRock and State Street, are exiting Climate Action 100+ as they adapt to political pressures at home. In Europe, investor interest in ESG is growing, driving inflows into funds focused on environmental, social, and governance goals. This trend is influenced by regulatory uncertainties and backlash against ESG investing.

US asset managers are facing scrutiny over their climate commitments, with some being sued for adopting environmental strategies that impact industries like coal. European institutional investors prioritize stewardship and engagement when selecting asset managers, creating a pro-active approach to responsible investing. Amundi emphasizes consistency and client interests to attract business.

Read more: Amundi Readies for Broader Mandate Shift After State Street