Browsing Posts of Author
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April, 2021
Two-thirds of asset managers unable to detail voting performance
Only a third of asset managers could provide details of how they had used their influence in voting, according to a new survey by Dalriada Trustees. Of the 43 asset managers contacted by Dalriada’s service partner, Minerva Analytics, two-thirds were unable to provide details of how they exercised their voting rights or engaged with the companies they ...
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April, 2021
Border to Coast makes first co-investment in infrastructure
Border to Coast Pensions Partnership has committed £540 million to six new infrastructure funds, including its first co-investment. The six new investments are part of its second infrastructure offering, which received £760 million of commitments from 10 of its partner funds in April 2020 – 70% of which is now committed. Since launch, Border to ...
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April, 2021
Brunel and Northern commit to new PGIM affordable housing fund
Brunel Pension Partnership and Northern LGPS have committed a combined £190 million to PGIM Real Estate’s newly-launched UK Affordable Housing Fund. The open-ended income-focused fund targets a total return of between 6-9% a year, net of fees and costs, by investing in and developing affordable homes for working people and families across the UK. It ...
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April, 2021
Real estate returns rebound
European real estate returns improved during the fourth quarter thanks to growing investor confidence in the asset class. The INREV Pan-European Quarterly Asset Level Index generated a total return of 1.92%, up from 1.21% during the third quarter. The INREV Quarterly Fund Index, which represents 333 funds, tells a similarly positive story, with a total ...
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April, 2021
First major insurer sets net zero target for 2040
Aviva has become the first major insurer globally to target net zero carbon emissions by 2040. The goal will cover the group’s scope 1, 2 and 3 emissions, and include shareholder assets and policy holder assets where Aviva has decision-making control. By the end of 2022 it will divest from all companies that make more than 5% of their revenue from coal ...
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April, 2021
Infrastructure’s income and ESG credentials provide post-pandemic allure
Emma Powell, LAPF Investments. Emma Powell looks at the outlook for infrastructure investment and finds compelling reasons for optimism in the resilience of some sectors during the pandemic and the role the asset class can play in fulfilling ESG goals Government initiatives aimed at supporting the economic recovery, and renewed focus on sustainability ...
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April, 2021
UK equity flows turn positive
UK-focused equity funds recorded their first net inflows in eight months in February, despite investors giving a lukewarm reception to the government’s roadmap out of lockdown. Investors added £145 million to their portfolios, according to Calastone’s Fund Flow Index, a reversal in the eight-month stint of outflows, second in duration only to the ...
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April, 2021
LGIM and LCP unveil climate transition range
Legal & General Investment Management (LGIM) has launched a climate-tilted index equity strategy, which seeks to significantly reduce its exposure to carbon emissions in alignment with 2050 “net zero” goals. The LGIM Low Carbon Transition Index Equity Fund range, which has been developed in partnership with LCP, leverages LGIM’s climate scoring ...
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April, 2021
ACCESS appoints ESG support
The ACCESS pool has appointed European independent stewardship support service, Minerva Analytics, to support the development of its responsible investment approach. Minerva Analytics will be helping ACCESS with a comprehensive review and revision of the pool’s responsible investment guidelines to ensure they capture the very latest thinking on ...
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February, 2021
Northern Trust unveils EM green transition strategy
Northern Trust Asset Management has launched a sustainable emerging market green transition index strategy, with climate change considerations as a cornerstone. The strategy will combine Northern Trust’s proprietary ESG exclusion approach with screens to minimise climate-related risks and include positive tilts to maximise opportunities to benefit from ...
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