Companies that have promised publicly to run their business for the benefit of all stakeholders have handled the Covid-19 crisis and social and racial inequality worse than companies with no such commitment, a new report from The Test of Corporate Purpose finds.
Investors continued to prefer “safe haven” money market funds as they shifted assets back into all types of open-ended funds in the second quarter, buoyed by a strong recovery in global financial markets, according to data compiled by The European Fund and Asset Management Association (EFAMA).
Written by Sacha Bernasconi, portfolio manager of the SYZ Green Bonds Fund.
The catastrophe of Covid-19 has given the world one silver lining. A wake-up call. A sobering vision of the future, and the economic and social devastation climate change will bring. As responsible investors, we must be mindful of this portent of the future and accelerate our efforts in delivering progressive action. It is time to move the dial.
The search for alpha is expected to lead to a long-term shift to higher emerging markets allocations, both in equity and fixed income, according to a survey of institutional investors by Vontobel.
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.
Active managers must look beyond ESG ratings to add value over passive sustainable funds, says Zadig
A revamp of the Oyster Sustainable Europe fund was announced in June, with European equities specialist Zadig Asset Management being brought in to manage the portfolio.
Value investing could see a revival as economic activity picks up in the wake of the Covid-19 pandemic, as asset managers predict that lowly-rated stocks could outperform in the upturn.
Europe is poised to continue outperforming the US for the rest of the year, according to New York-based global asset manager Neuberger Berman, as uncertainty over the outcome of the US presidential election and the ongoing coronavirus pandemic continue to weigh on markets.
Impax Asset Management says there will be “winners and losers” in the economic transition to a more sustainable economy, as trends continue to be accelerated in the post-pandemic rebuilding process.
Piloting through Covid-19 requires investment committees to emulate aircraft industry in putting safety first
The investment industry needs to emulate the aircraft industry in the way it learns from past mistakes, in order to successfully pilot investors through the Covid-19 crisis, according to new research from the Thinking Ahead Institute.
Tectonic shift in UK stock market ownership as US asset management giants unleash low-cost passive investing boom
Over a third of all shares on the UK’s FTSE 100 and 250 indices are now owned by North American asset managers, as the popularity of low-cost passive index funds and ETFs has surged.
European ‘zombie’ companies have three to six months' runway before defaults rise, says Aviva Investors
Concern is growing over a likely spike in defaults among so-called ‘zombie’ companies that have stayed afloat during the coronavirus pandemic by relying on government stimulus and increasing their debt loads, but will struggle to keep servicing loans as government schemes roll back.
Breckinridge sees further tightening in US corporate debt spreads after wild bond market swings in H1
Fixed income managers have seen a hectic first half of the year in 2020. In the US, a typical year’s worth of new issues was printed in the space of just four months, as the onset of the pandemic forced companies to take urgent action to shore up their finances.
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.
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.
China’s funds market will soon be teeming with new mutual funds, as foreign money managers vie to attract capital from the country’s pool of retail investors.
The latest CEPRES Private Capital Market Outlook shows how Q2 2020 M&A deal value in the US declined by 60 per cent quarter-on-quarter which also represents a 50 per cent decrease year-on-year. These developments in the US exit markets reflect the weak market and investor sentiment during Q2, most likely impacted by the coronavirus pandemic.
Shinzo Abe resignation: short-lived market correction and Abenomics to continue, says from SuMi TRUST's Oshikubo
Following the announcement of Japanese Prime Minister Shinzo Abe’s resignation, Naoya Oshikubo, senior economist at SuMi TRUST, thinks that despite some short-lived market correction, Abenomics and the current monetary policy will continue on the same path when a new Prime Minister from the Liberty Democratic Party (LDP) takes the rein…
“Heads we win, tails we don’t lose much” – Contrarian investor Azvalor sees value in unloved mining and oil stocks
Javier Sáenz de Cenzano heads up Spanish boutique Azvalor Asset Management’s Managers fund. This fund puts its money behind managers, such as Mittleman Brothers and Moerus Capital Management, who share Azvalor’s contrarian outlook on investment.
Over half of European pension funds say they now actively incorporate climate change-related factors into their allocations when making investment decisions.
The latest CEPRES white paper explores trend developments in Private Debt, based on an analysis of deal level transactional data from the CEPRES Platform, encompassing 12,800 Private Debt deals and over 234,000 cash flow transactions, as well as over 800 Private Debt focused funds, from the millennium through to recent years.