ROUND-UP
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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
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
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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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
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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February, 2021
LGPS Central unveils active EM bond fund
LGPS Central has announced the launch of its £630 million Global Active Emerging Market Bond Fund. The pool, which has £45 billion in aggregate assets, said the fund had attracted four initial investors – Cheshire Pension Fund, Leicestershire Pension Fund, Nottinghamshire Pension Fund and West Midlands Pension Fund. M&G Investments and Amundi will ...
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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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February, 2021
Investors pile into equity funds
Inflows to equity funds surged to £2.4 billion in December, according to the latest Fund Flow Index from Calastone, as the mass vaccine breakthrough and prospect of a global economic recovery boosted investor confidence. December was the second-best month on record and took the fourth-quarter total to £4.6 billion, its highest since mid-2015. For the ...
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February, 2021
LGIM unveils tilted climate transition tracker fund
Legal and General Investment Management has launched a passive equity fund that aims to provide exposure to the opportunities arising from the low-carbon energy transition for defined benefit and defined contribution investors. The FTSE TPI Global (ex Fossil Fuels) Equity Index Fund is based on FTSE Russell’s FTSE Global Equity Index Series and excludes ...
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