{"id":679961,"date":"2026-03-04T11:06:04","date_gmt":"2026-03-04T11:06:04","guid":{"rendered":"https:\/\/microscopemedia.com\/?p=679961"},"modified":"2026-03-04T11:06:04","modified_gmt":"2026-03-04T11:06:04","slug":"morgan-stanley-pana-la-71-de-miliarde-de-dolari-ar-putea-intra-in-aparare-din-fondurile-de-sustenabilitate-europene","status":"publish","type":"post","link":"https:\/\/microscopemedia.com\/?p=679961","title":{"rendered":"Morgan Stanley: p\u00e2n\u0103 la 71 de miliarde de dolari ar putea intra \u00een ap\u0103rare din fondurile de sustenabilitate europene"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/microscopemedia.com\/wp-content\/uploads\/2026\/03\/morgan-stanley-pana-la-71-de-miliarde-de-dolari-ar-putea-intra-in-aparare-din-fondurile-de-sustenabilitate-europene.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\" id=\"p-0\">P\u00e2n\u0103 recent, fondurile ESG excludeau \u00een mod sistematic produc\u0103torii de arme. Tensiunile geopolitice \u0219i conflictele deschise au schimbat aceast\u0103 abordare, noteaz\u0103 <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-04\/morgan-stanley-sees-esg-funds-piling-fresh-billions-into-defense\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\" id=\"p-1\">&nbsp;Administratori de active precum Allianz Global Investors \u0219i DWS al Deutsche Bank au anun\u021bat c\u0103 ap\u0103rarea democra\u021biei impune o reg\u00e2ndire a principiilor investi\u021biilor etice. Schimbarea a inclus \u0219i expunerea la armele nucleare.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\" id=\"p-2\">Anali\u0219tii Morgan Stanley Arushi Agarwal \u0219i Marie-Ange Riggio estimeaz\u0103 dou\u0103 scenarii.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\" id=\"p-3\">\u00cen primul, fondurile f\u0103r\u0103 expunere actual\u0103 \u00een ap\u0103rare \u2013 aproximativ 40% din activele ESG administrate \u2013 \u00ee\u0219i aliniaz\u0103 portofoliile la indicii MSCI. Rezultatul: fluxuri de 38 de miliarde de dolari. \u00cen al doilea scenariu, restul de 60% dintre fonduri, deja par\u021bial expuse, \u00ee\u0219i ajusteaz\u0103 \u0219i ele de\u021binerile. Se adaug\u0103 alte 33 de miliarde de dolari, total: 71 de miliarde.<\/p>\n<h2 class=\"text-text-100 mt-3 -mb-1 text-[1.125rem] font-bold\" id=\"chapter-0\">Contextul care accelereaz\u0103 schimbarea<\/h2>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\" id=\"p-4\">Raportul apare pe fondul intensific\u0103rii r\u0103zboiului din Orientul Mijlociu. Atacurile SUA \u0219i Israelului asupra Iranului s-au transformat \u00eentr-un conflict regional.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\" id=\"p-5\">Pie\u021bele au sc\u0103zut, iar pre\u021burile petrolului au crescut. Presiunea asupra fondurilor ESG de a-\u0219i revizui restric\u021biile privind industria de ap\u0103rare este \u00een cre\u0219tere.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>P\u00e2n\u0103 recent, fondurile ESG excludeau \u00een mod sistematic produc\u0103torii de arme. Tensiunile geopolitice \u0219i conflictele deschise au schimbat aceast\u0103 abordare, noteaz\u0103 Bloomberg. &nbsp;Administratori de active precum Allianz Global Investors \u0219i &hellip; <a href=\"https:\/\/microscopemedia.com\/?p=679961\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":679962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/679961"}],"collection":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=679961"}],"version-history":[{"count":0,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/679961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/media\/679962"}],"wp:attachment":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=679961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=679961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=679961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}