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.

ESG & responsible investing

Barclays, Citi, Santander among banks yet to “fully embed” ESG practices

Barclays, Citi, Santander among banks yet to “fully embed” ESG practices

Thirty banks including Barclays, BBVA, Citi, Credit Suisse, Santander and UBS, were assessed on how they have integrated ESG factors into their commercial practices, and none were judged to be ‘outstanding’, according to a new benchmark report by audit, accounting, and consulting firm Mazars. 

Bonds

Breckinridge sees further tightening in US corporate debt spreads after wild bond market swings in H1

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.