Pensions

Pension funds should allocate towards infrastructure and growth assets as government bonds now provide “return-free risk”, says Baroness Altmann

Pension funds should allocate towards infrastructure and growth assets as government bonds now provide “return-free risk”, says Baroness Altmann

Pension assets could support the UK economy in the fight against coronavirus, if they were invested in infrastructure such as social housing and environmental protection, according to Baroness Altmann, who spoke at a pensions conference this month.

ESG & responsible investing

BlackRock, State Street, and Vanguard block action on deforestation in shareholder votes, finds Friends of the Earth

BlackRock, State Street, and Vanguard block action on deforestation in shareholder votes, finds Friends of the Earth

The world’s three largest asset managers, BlackRock, Vanguard, and State Street, have either voted against or abstained from voting on all efforts to halt deforestation by shareholders of consumer brands and agribusiness companies since 2012, a new report from environmental advocacy group Friends of the Earth finds.

Responsible investing

Divestment is the last resort for responsible asset owners seeking to create change, says Storebrand 

Divestment is the last resort for responsible asset owners seeking to create change, says Storebrand 

Several large European banks including BNP Paribas, Credit Suisse, ING, Natixis, Rabobank, and UBS made the headlines earlier this month when environmental groups alleged that they had financed some USD10 billion of oil trading from the Amazon rainforest over the past decade, despite its deleterious impact on the environment and the livelihoods of the indigenous peoples in the region.

ESG & responsible investing

Investors will not “save the world” from climate change without action from policymakers, finds CAMRADATA white paper

Investors will not “save the world” from climate change without action from policymakers, finds CAMRADATA white paper

Climate-related investing has not been side-lined as the coronavirus pandemic tears through economies, with a new white paper by CAMRADATA finding that the fear of not having a “planet worth living on” has led to investors making it an embedded theme within investment strategies.

ESG & responsible investing

Germany’s first sovereign green bond draws huge demand as ‘twinning’ strategy addresses investors’ liquidity concerns

Germany’s first sovereign green bond draws huge demand as ‘twinning’ strategy addresses investors’ liquidity concerns

Germany has joined a growing pool of sovereign issuers of green bonds with the launch of a EUR6.5 billion green bond, which was more than five times oversubscribed by investors, who placed over EUR33 billion in orders.

Funds

Coronavirus sell-off revealed “little merit” in idea that active managers navigate volatility better than passive counterparts

Coronavirus sell-off revealed “little merit” in idea that active managers navigate volatility better than passive counterparts

The majority of active managers in Europe and the US did not seize the “once-in-a-decade opportunity” presented by the coronavirus pandemic to demonstrate superior returns to passive options, according to new data from Morningstar.

Impact investing

HSBC sets sights on ‘natural capital’ in new asset management JV with climate advisory Pollination

HSBC sets sights on ‘natural capital’ in new asset management JV with climate advisory Pollination

HSBC Global Asset Management is making its first foray into ‘natural capital’, with plans to launch a new asset management firm dedicated to investing in natural assets in partnership with specialist climate change advisory and investment firm Pollination.