Wealthy investors in Middle East prefer ESG investments – UBS

Wealthy investors in Middle East prefer ESG investments – UBS

The world's biggest wealth manager, UBS, said that sustainable investments are now the firm's preferred solution for private clients investing globally. UBS claims that it is the first major global financial institution to make this recommendation.According to UBS, which manages $488 billion in core sustainable assets, traditional investments will be most suitable in some circumstances, but a 100 percent sustainable portfolio can deliver the same or higher revenues.“Year to date, major sustainable indices have performed better than traditional equivalents,” UBS said in a statement.Ali Janoudi, Head of Middle East and Africa at UBS Global Wealth Management said: “Middle Eastern clients have expressed increasing interest in investing sustainably.“Sustainable finance is firmly embedded in UBS's strategy, and we believe this latest step can create new opportunities for investors in our region.”Tom Naratil, co-president