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Investor preference for passive, index-tracking strategies has carried over to ESG Funds that incorporate environmental, social, and governance into their investment criteria. It is estimated

Investor preference for passive, index-tracking strategies has carried over to ESG Funds that incorporate environmental, social, and governance into their investment criteria. It is estimated that ESG assets are on track to exceed $53 trillion by 2025, representing more than a third of global assets under management. What are the factors that drive the phenomenal growth of ESG Funds? Givethree (3)reasons and elaborate the answers.

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