Report
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June, 2019
Call for transition bonds to ease shift away from fossil fuels
AXA Investment Managers said the green bond market should include what it calls “transition” bonds, which would allow carbon-intensive companies to raise funds while moving away from fossil fuels. Green bonds are classed as fixed income investments where the capital invested is devoted to activities with a positive benefit when assessed on ESG ...
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June, 2019
Woodford halts withdrawals from £4 billion fund
Woodford Investment Management, the fund manager run by one of the UK’s best-known fund managers, Neil Woodford, has halted investor redemptions from its £3.7 billion equity income fund, following a request in May from Kent County Council to redeem £250 million from the fund and a string of negative press headlines. The freeze on withdrawals, which ...
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June, 2019
Renewable energy prices set to exert downward pressure
According to fund manager Schroders, renewable energy is set to exert downward pressure on energy prices, accelerating a move away from fossil fuels. Schroders lead portfolio manager, Simon Webber, said that in the coming decade, a wave of cheap renewable energy will help reduce energy prices, making electric vehicles more affordable and changing the ...
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April, 2019
South Yorkshire puts £80 million in local property investments
The South Yorkshire Pensions Authority has allocated £80 million for regional investment in its own South Yorkshire region. The location will be managed by part of CBRE Capital Advisors and it will operate in parallel with the Sheffield City Region JESSICA Fund, which will bring total regional development funding available to over £120 million. The ...
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April, 2019
Investor confidence sees slight rise in April
Investor confidence rose slightly in April 2019, accord to the State Street Investor Confidence Index, which rose from 71.2% to 72.9%. But it found that institutional investors are still cautious about increasing allocations to risky assets, despite good performance in the first quarter of 2019. The increase was based on greater confidence among North ...
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April, 2019
Schroders warning over Brexit uncertainty
Fund manager Schroders has sounded a warning over the apparent health of the UK economy, saying Brexit stockpiling could be boosting growth temporarily. Schroders senior European economist and strategist, Azad Zangana, said that the medium to long-term economic outlook for the UK will be heavily influenced by Brexit. While the Bank of England has ...
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April, 2019
Northern LGPS hits out at proposed rule change
Northern LGPS (formerly Northern Pool), the £45 billion asset pool set up by the Merseyside, Greater Manchester and West Yorkshire pension funds, has protested at a proposed rule change from central government, which it said could add tens of millions of pounds to asset pool running costs. Northern LGPS has written to government ministers to say it is ...
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April, 2019
Private equity investing in Europe hits £70 billion
Private equity investment in European companies reached a record level of Euro 81 billion (£70 billion) in 2018, up 7% on the previous year, according to Invest Europe, the representative body for European private equity firms. Private equity funds invested in over 7,800 companies, with nearly 90% of this in small and medium-sized enterprises. ...
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April, 2019
Chinese growth for Q1 exceeds expectations
The Chinese economy grew by more than market expectations in the first quarter of 2019, with a rise in gross domestic product (GDP) of 6.4% on a year-on-year basis, ahead of forecast growth of 6.3%. Schroders emerging markets economist Craig Botham said the results were something of surprise to China observers. “Given the weakness in high frequency data ...
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April, 2019
LGPS Central features in climate change initiative
LGPS Central, the asset pool for nine Midlands-based asset managers with combined assets of around £40 billion, has joined an initiative which will look at how investors can align their portfolios to the goals of the Paris Agreement on global warming action. The initiative, launched by the Institutional Investors Group on Climate Change (IIGCC), aims to ...
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