Merrill Lynch launches five new portfolios focused on ESG investing

By Sarah Lizee

Olympia, Wash., May 2 – Merrill Lynch Wealth Management and Merrill Edge launched five new portfolios incorporating environmental, social and governance factors, according to a press release.

The portfolios, designed by Merrill Lynch’s Global Wealth and Investment Management (GWIM) chief investment office, consist primarily of exchange-traded funds and require a minimum investment of $5,000.

Merrill Lynch said the five portfolios model investor profiles ranging from conservative to aggressive and expand upon an existing series of impact offerings on both the Merrill Lynch and Merrill Edge platforms.

“The demand for ESG-integrated investment options has increased as more investors are seeking a ‘double bottom-line’ approach to investing and a way to add an environmental or societal impact objective to a financial return,” Chris Hyzy, chief investment officer for GWIM, said in the release.

Merrill Lynch Wealth Management is a wealth management division of Bank of America Corp. and is based in New York.

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