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INVESTING/PORTFOLIO STRATEGIES

U.S. assets managed under ESG principles up nearly 33% — US SIF report

U.S.-domiciled assets under management invested under environmental, social and governance factors totaled $8.72 trillion at the start of 2016, a 32.7% increase from the start of 2014, according to a report from the US SIF Foundation released Monday.

The latest asset figure represents 21.6% of the $40.3 trillion in total assets under management at the end of 2015 by U.S.-based money managers tracked by Cerulli Associates, according to the US SIF’s “Report on U.S. Sustainable, Responsible and Impact Investing Trends 2016.”

The report tracks asset owners and investment mangers that apply ESG, including other sustainable, responsible and impact criteria, in selecting investments.

Public-sector retirement and other funds using ESG criteria totaled $2.71 trillion at the start of this year. A comparison to 2014 wasn’t available from US SIF. Corporate retirement plans and other corporate investment portfolios using ESG criteria totaled $1.5 trillion at the beginning of 2016, up 97.9% from 2014, the last time US SIF produced such a report.

US SIF: Forum for Sustainable and Responsible Investment is made up of investment managers and other investment-related professional organizations engaged in ESG and other forms of responsible and impact investing.

Funding for the report came from BlackRock (BLK), TIAA Global Asset Management, Calvert Investments, KKR & Co., Neuberger Berman, Legg Mason (LM) Global Asset Management, ClearBridge Investments and Cerulli, among other organizations.