ROUND-UP
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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
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
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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February, 2021
Merseyside boosts infrastructure investment
Merseyside Pension Fund has committed to a new co-investment vehicle created by French asset manager Mirova to own a share of a Portuguese hydroelectric portfolio. Portuguese electric utility firm EDP announced in December that it sold the portfolio, located in the Douro valley with 1.7GW capacity, to a consortium of Credit Agricole Assurances, French ...
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February, 2021
L&G LPI Fund boosts holdings
Legal & General’s Limited Price Inflation (LPI) Fund has expanded its investment portfolio to £1.8 billion after completing a string of deals amidst the coronavirus pandemic, as it commits to long-let, secure income investments. The fund has invested over £130 million in three significant deals in recent months, delivering over 240,000 sq/ft of new ...
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December, 2020
LGIM tightens climate engagement
Legal and General Investment Management has made a fresh climate pledge that could see it divest from companies that do not meet its standards. Climate ratings for over 1,000 companies in key sectors will be publicly available under a “traffic light” system on LGIM’s website. Companies identified as falling short of LGIM’s minimum standards – for ...
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December, 2020
Just Group launches green bond
Just Group has become the first UK insurer to launch a green bond, raising £250 million to invest in sustainable assets. The group said it was part of efforts to “act decisively” in playing its part in the country moving towards a more sustainable, lower-carbon economy. The proceeds from the bond will be used to help facilitate investment in green ...
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December, 2020
Morgan Stanley enhances investment capabilities via Eaton Vance deal
Morgan Stanley has agreed to acquire investment management group Eaton Vance, which has over $500 billion in assets under management (AuM), for an equity value of $7 billion. The deal, which is expected to close during the second quarter of 2021, will boost Morgan Stanley’s AuM to $1.2 trillion and over $5 billion of combined revenues. The ...
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December, 2020
Hambro affiliate launches UK impact fund
JO Hambro Capital Management has launched an impact investment fund under the team it hired from Hermes last year. The Regnan Global Equity Impact Solutions Fund aims to generate long-term outperformance by investing in companies that create value by providing solutions for the growing unmet sustainability needs of society and the environment. It uses the ...
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