a) Due to the important roles and various benefits of mutual funds in financial planning, the size of mutual fund industry has been growing substantially in recent years. However, it is not the one solution for all investors. From the perspective of an investor, what could possibly stop you from putting your money in these fund investment opportunities offered in the market? Critically discuss.

b) In recent years, the market has seen a boom of ESG (environmental, social, and governance) investing among the investment community. In your opinion, why is ESG investing becoming important and how would it affect shareholder wealth maximization?