Around 94 per cent of retail investors in the UAE are interested in or have already invested in environmental, social, and governance (ESG) themes in 2020, up from 90 per cent in 2018, according to a new survey by CFA Institute.
More than 7,000 clients and ESG specialists were polled in the survey, which also found that 74 per cent of UAE investors are willing to give up some return in exchange for meeting their investment goals.
“As the Middle East’s second-largest economy, the UAE has shown an increasing appetite towards sustainable investment opportunities, as part of the country’s long-term vision,” said William Tohme, senior regional head of Mena at the CFA Institute, a global association of investment professionals.
"Amid market disruptions due to Covid-19, retail investors in the UAE are most focused on improved returns in all markets," he added.
"Also, when surveying female investors, women were more likely than men to prefer higher returns [76 per cent versus 67 per cent] to risk mitigation [24 per cent versus 33 per cent], in contrast to the commonly held perception that women are more risk averse as investors.”
The research also found that 85 per cent of investment professionals surveyed globally said they take E, S and/or G themes into account when investing, up from 73 per cent three years ago. The shift was driven by client demand, with 69 per cent of retail investors and 76 per cent of institutional investors having interest in ESG investing, the survey said.
In a world currently dominated by Covid-19, ESG funds have been boosted by record capital flows in 2020.
ESG funds in the US, for example, have so far this year attracted $10.4 billion, according to a Morningstar report. This brings the tally for the first half of the year to $20.9bn, nearly matching the $21.4bn that investors ploughed in sustainable funds in the entire year of 2019.
"As the focus on sustainability in investing gathers increasing momentum, it will eventually dictate the sustainability of investing itself,” Margaret Franklin, the president and chief executive of the CFA Institute, said.
The lowdown
Badla
Rating: 2.5/5
Produced by: Red Chillies, Azure Entertainment
Director: Sujoy Ghosh
Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
UAE currency: the story behind the money in your pockets
A Long Way Home by Peter Carey
Faber & Faber
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
RESULTS
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Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
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57%20Seconds
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Juvenile arthritis
Along with doctors, families and teachers can help pick up cases of arthritis in children.
Most types of childhood arthritis are known as juvenile idiopathic arthritis. JIA causes pain and inflammation in one or more joints for at least six weeks.
Dr Betina Rogalski said "The younger the child the more difficult it into pick up the symptoms. If the child is small, it may just be a bit grumpy or pull its leg a way or not feel like walking,” she said.
According to The National Institute of Arthritis and Musculoskeletal and Skin Diseases in US, the most common symptoms of juvenile arthritis are joint swelling, pain, and stiffness that doesn’t go away. Usually it affects the knees, hands, and feet, and it’s worse in the morning or after a nap.
Limping in the morning because of a stiff knee, excessive clumsiness, having a high fever and skin rash are other symptoms. Children may also have swelling in lymph nodes in the neck and other parts of the body.
Arthritis in children can cause eye inflammation and growth problems and can cause bones and joints to grow unevenly.
In the UK, about 15,000 children and young people are affected by arthritis.
