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Global Sustainable Investement Alliance

What is a national or regional sustainable investing market? Assets under management can be assigned to specific national markets based on where: (1) the asset owner or manager is located, (2) the investment solutions are distributed/ sold (3) the solutions are domiciled legally and (4) the assets are invested. In today’s global asset management industry, sustainable investment funds can be domiciled in one country, managed in a second and registered for sale in several jurisdictions. As a result, defining national sustainable investing markets is not straightforward. While fund managers are rather easy to locate, the ultimate investors are not. GSIA defines a national market by the country where the sustainable investing assets are managed (i.e. where the sustainable investing asset management team is located). As a consequence, the report attempts to measure the size of the sustainable investing asset management market in each region, rather than the sustainable investing market (the supply not the demand). For example, if sustainable investment flows into Asia were tallied, based on both management location and sales and distribution, then the reported figures would be prone to double counting. The historically large centers for asset management tend also to dominate the sustainable investment fund industry. For example, sustainable investing fund management in Asia lags behind sales of Asian sustainable investing funds, as providers of sustainable investing products for Asia continue to base their fund management near to the major sources of global sustainable investing demand, namely Europe, Australia and North America. In this report, all regions except Africa have measured sustainable investment assets according to the same methodology, by measuring the number of assets managed by asset managers domiciled in the region, regardless of where the funds are invested or owned. The figure for Africa measures the sustainable investment assets invested in Africa by asset managers domiciled in Africa. The difference is that assets managed by African respondents but invested outside of Africa are excluded. Links to access the regional reports that formed the basis for this report are provided below: • Europe: European SRI Study 2012 • United States: 2012 Report on Sustainable and Responsible Investing Trends in the US • Canada: Canadian Socially Responsible Investment Review 2012 • Australia: RIAA - Responsible Investment Annual 2011 • Asia: Asia Sustainable Investment Review 2012 • Japan: 2011 Review of Socially Responsible Investment in Japan • Africa: AfricaSIF.org Trends 2012 Project Global Sustainable Investment Review 2012 7


Global Sustainable Investement Alliance
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