In brief
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April, 2021
AMX and DWS launch stewardship service for pooled funds
Posted by Nick Kempster in Report 0
The Asset Management Exchange (AMX) and asset manager DWS have launched an investment service that allows pension schemes to express their stewardship preferences in pooled funds. The new pooled fund service, which has been developed in partnership with Minerva Analytics and Northern Trust, aggregates investor stewardship preferences and seeks to execute ...
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April, 2021
PLSA advises investors to vote against permanent virtual AGMs
Posted by Nick Kempster in Report 0
Pension fund investors must be careful this AGM season to assess how companies’ response to the pandemic has impacted their governance and workforce practices, the Pensions and Lifetime Savings Association (PLSA) has warned in its updated annual stewardship and voting guidelines. Since the UK entered the first period of lockdown in March 2020, virtual ...
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April, 2021
HSBC tables resolution to phase out coal by 2030
Posted by Nick Kempster in Report 0
HSBC has committed to publishing this year a policy to phase out the financing of coal-fired power and thermal coal mining by 2030 in markets in OECD countries, and by 2040 elsewhere. The special resolution will be put to a vote at the lender’s annual general meeting on 28 May and follows “months of negotiations” between HSBC and a coalition of ...
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April, 2021
“Net zero” transition presents £350 billion investment opportunity
Posted by Nick Kempster in Report 0
Achieving the government’s “net zero” target by 2050 will require around £350 billion in investment in the energy sector, according to a new report. The investment opportunity for asset owners equates to £12 billion a year over the next 30 years, according to LCP’s report, Aligning the Stars: Asset owners and energy investment toward Net ...
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April, 2021
EM outflows jump on rising bond yields
Posted by Nick Kempster in Report 0
Emerging market outflows approached “taper tantrum” levels at the start of March, in a sharp reversal of inflows recorded in February. Rising long-term US treasury rates have sparked a sharp rise in outflows from emerging market equity and bond funds, according to the Institute of International Finance’s (IIF) capital flows tracker. “Back in 2013, ...
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April, 2021
Dividends forecast to rise 5% this year
Posted by Nick Kempster in Report 0
Global dividends fell 12% during 2020, according to the latest global dividend index from Janus Henderson, after one company in eight cancelled their payout altogether. However, payouts were higher than Janus Henderson’s best-case forecast of $1.21 trillion, thanks to a less severe fall in Q4 payouts than anticipated. On an underlying basis, dividends ...
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