Covid Shock and Ark Effect to Spur $1 Trillion Boom in ESG ETFs

As the global pandemic intensifies the boom in ethical investing, Citigroup Inc. now projects ESG stock ETFs in the U.S. alone will boast more than $1 trillion in assets by 2030.

Analysts at the bank reckon the global pandemic has stirred investor demand for companies doing good, especially those with strong labor practices. Add the frenzy for tech-focused thematic funds -- many of which fall within the environmental, social and governance category -- and the sustainability boom is smashing Wall Street projections.