Several whistleblowers have reported Legal & General Investment Management to the Financial Conduct Authority (FCA), accusing the fund group of fostering a “toxic” risk culture that has potentially resulted in clients losing millions of pounds.
Osmosis Investment Management has launched an absolute return Ucits fund, designed for investors seeking sustainable alternative opportunities.
Facebook, Amazon and Apple have been shunned by fund managers using an environmental, social and governance approach to investing, although Google parent Alphabet still gets a pass.
Last Word – the company that owns Portfolio Adviser – has created a website for professional investors interested in ESG and impact investing.
St James’s Place (SJP), Neptune and Aviva Investors are among asset managers with $657.7m in three companies connected with US detention camps holding immigrants and their children.
Impact investing, as a dedicated niche of sustainable investing, is under threat by greenwashing from mainstream asset managers, specialists warn.
The Investment Association (IA) has highlighted homophobic and transphobic banter as an issue that needs to be addressed by asset managers as it sheds light on coming out or being out as lesbian, gay, bisexual or transsexual (LGBT+) in the industry.
Cryptocurrencies should be viewed critically from an environmental, social and governance (ESG) perspective, but the blockchain technology that underlies them could have positive applications for democracy and economic inclusion, according to a sustainable investments rating agency.
Blackrock has blamed index tracking products for its large stake in a contractor involved in child detention centres in the US, while Vanguard, along with several active investors, has been silent on its exposure to the political controversy.
Legal & General Investment Management has launched a multi-asset fund targeted at defined contribution (DC) investors seeking an ESG option.
A recently-launched RobecoSAM global credit strategy will use top-down views but have an ethical requirement for companies to contribute to the Sustainable Development Goals results in some sector biases.
UBS Global Wealth Management has partnered with Hermes Investment Management to create a Sustainable Development Goal (SDG) fund that will form part of what it claims to be the UK’s first 100% sustainable portfolio.
