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April, 2021
AMX and DWS launch stewardship service for pooled funds
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
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
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
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
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
Federated Hermes unveils global ESG equity fund
Federated Hermes has launched a new Sustainable Global Equity Fund, the first of a new sustainable suite of products being developed. The new fund will be managed by Martin Todd, who will work alongside head of impact and sustainable investing, Ingrid Kukuljan, and will be available to investors in the second quarter of 2021. The Sustainable Global Equity ...
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April, 2021
Dividends forecast to rise 5% this year
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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April, 2021
ACCESS expands fund range
Link Fund Solutions has launched seven new sub-funds on behalf of the ACCESS, adding £5.5 billion to the LGPS pool. The transfer of assets to the range of global and equity externally-managed sub-funds brings the total pooled assets under management within ACCESS to £31 billion, with £20.4 billion managed actively within the LFS Authorised ...
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April, 2021
Brunel targets 50% cut in emissions by 2030
Brunel Pensions Partnership has committed to halving the carbon emissions of its investment portfolio by 2030 and set a goal of hitting net zero by 2050. The pensions pool has helped in the launch of the Institutional Investors Group on Climate Change’s Net Zero Investor Framework (NZIF), which seeks to provide institutional investors with the tools to ...
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April, 2021
Border to Coast allocates to private equity
Border to Coast has committed over £370 million in five new private equity funds as it continues to provide new investment opportunities for its local government pension scheme partners. The five new investments form part of its second private equity offering, which received £485 million of commitments from eight of its 11 partner funds in April 2020 ...
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