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Asset Management

How wealth managers can benefit from the movement towards ‘stakeholder capitalism’

Investors are showing appetite for socially responsible funds — which gives firms managing their money an opportunity to stand out from the crowd

Hands up and be counted: Many younger people are unhappy with the progress of racial equality, and investment funds that push company boards on social issues may prove popular
Hands up and be counted: Many younger people are unhappy with the progress of racial equality, and investment funds that push company boards on social issues may prove popular Photo: Getty Images

The winds of change are blowing briskly through global markets.

The dominant ideology governing corporate behaviour since the 1970s has been that companies have little responsibility to anyone but their shareholders. As economist Milton Friedman once quipped, “the business of business is business”.

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