Fund firms feel weight of expectation on stewardship
Fund managers are facing increasing scrutiny and pressure to exercise their voting rights at company annual general meetings, as a result of investors placing a greater emphasis on stewardship.
EU
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Investor activism fails to curb FTSE pay inequality
Investor activism and the planned introduction of a pay ratio has had little effect on curbing the excessive pay of FTSE 100 executives, a report has found.
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Do ESG indices have a place in active portfolios?
How useful are ESG indices? Are there limitations to their use? Are fund selectors and asset allocators using them correctly? We ask the CIO of one of the UK’s leading investment consultants…
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UN PRI defines “Impact Investing” in new report
The UN PRI has published a new 112-page report designed to offer guidance and best practice on what constitutes and impact investment.
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Schroders ignites ‘fast and loose’ governance concerns
A Schroder family member with little City experience could be appointed to the board.
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Trade group launches “How to incorporate ESG” guide
The US Forum for Sustainable and Responsible Investment (USSIF) has released a best practice guide for asset managers and discretionary fund managers on incorporating ESG principles into investment strategies.
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ESG portfolio off to a good start in HK, says UBS
After its launch in Asia in April, UBS Wealth Management’s sustainable cross-asset portfolio has gathered $100m (CHF$100m) in assets from Asia-Pacific clients, according to the bank’s executives.
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Investors threatened with legal action on climate change
Asset allocators face the risk of litigation if they fail to analyse climate risk by using improving data and market practices.
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Cambridge Associates signs up to TCFD
Global investment consulting group Cambridge Associates has become the latest company to sign up to support the Task Force on Climate-related Financial Disclosures (TCFD).
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Axa IM renames impact fund as rivals multiply
Axa Investment Managers has renamed its gender diversity equities strategy as it seeks to compete with international rivals.
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Moody’s cuts forecast for Green Bonds
Ratings agency Moody’s has cut its forecast for green bond issuance for 2018 to between $175-200 billion, from the $250 billion originally projected at the end of 2017.
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Report: Time to rethink ESG index construction
Traditional approaches to creating ESG indices, result in a “fairly large set of unintended bets on other risk factors,” a new study has suggested.