More new securities were listed on The International Stock Exchange (TISE) in the first half of 2020 than in the same period of any other prior year since the exchange opened in 1998.
Neuberger Berman is expanding its ESG platform with the addition of a new UCITS fund running the firm’s Japanese Equity Engagement strategy.
Refinitiv has launched ESG scores for funds, allowing comparisons at the fund level for fund managers, advisers and investors, as the world of sustainable investing continues to boom.
Refinitiv has completed its second annual sustainability report, tracking the financial information firm’s progress towards its sustainability goals and reinforcing its commitment to put sustainability at the heart of its product offering.
Fidelity International has introduced equal paid parental leave, meaning that fathers and secondary carers will now be able to take the same amount of paid leave as mothers and primary carers, across all 27 of their operating locations.
Money market funds were the only type of fund to post an increase in net assets as well as inflows of cash in the first quarter of 2020, as coronavirus-related panic wiped 10.8 per cent off assets for open-ended funds worldwide, down at EUR47.1 trillion.
Equities markets are overvalued and expensive, if you ask asset managers. A survey this month of global fund managers by Bank of America Merrill Lynch showed that 78 per cent believe that stock markets are currently overvalued, which marks the highest level since the closely-watched survey began in 1998.
MAPFRE AM, the asset management arm of the Spanish insurance company, has announced that its range of ESG funds has so far brought in a total of EUR62 million in 2020, against the backdrop of extreme volatility in markets caused by the global pandemic.
The Nedgroup Investments Global Emerging Markets Equity Fund, which now marks its first anniversary, has been making portfolio adjustments in light of Covid-19 and is adding to its already overweight exposure to China.
AMP Capital has marked the three-year anniversary of the Global Companies Fund, its global equities UCITS fund, with an absolute return over the first three years to 31 March 2020 of 56.1 per cent net of fees, compared to global equity market returns of 4.6 per cent over the same period.