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A third of UHNW families shun ESG during Covid

News Team, 24/09/2020

A survey from Citi Private Bank indicates that not all wealthy families are piling money into ESG or sustainable investments during the Covid-19 pandemic, with many saying the pandemic had prompted them to stick to what they know.

Citi spoke to 179 families – 70 percent of whom had their own family offices, the remainder ultra-high net worth – and found that 35 percent were not considering making any ESG or sustainable investments during the next 12 months.

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