UBS Group AG will offer sustainable investments as its preferred solution for wealth management clients worldwide as the Covid-19 crisis underscores the need for more socially and environmentally responsible financing. While traditional investments will remain the best option in some circumstances, a 100% sustainable portfolio can deliver similar or better returns, UBS said. This year, major sustainable indexes have outperformed their peers in traditional investing, said the bank, which currently manages $488 billion in core sustainable assets. “The pandemic has brought the vulnerability and interconnected nature of our societies and industries to the forefront of investors’ minds and shown that sustainability considerations cannot be ignored,” Tom Naratil, co-chief of the bank’s $2.6 trillion global wealth business, said in a statement.

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