According to a new study by Eaton Vance, interest in socially responsible investing from financial advisers has nearly doubled since 2016, rising from 21 to 40 percent. More and more financial advisers are reporting that investing in companies with a perceived positive social impact is important to them and their clients. Eaton Vance releases an Advisors Top of Mind index each quarter in which over 1,000 advisers are polled.
Some theorize this trend in SRI is a reaction to the change of administration in Washington. But the researchers were careful to say that people were already investing more in companies based on a variety of social causes, including environmentalism, social justice, and good governance. The latter was cited as a particularly positive indicator of future performance.
The study also noted other trends among financial advisers. The respondents showed an increased interest in generating income for their clients, rising 16 percent compared to the previous quarter. More than half of the advisers were also optimistic about US equities for the next year, while a similar percentage were bearish on the bond market. A majority of participants also anticipate at least one more interest rate hike by the Federal Reserve before the end of the year.
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