UK funds invest $650m in Trump detention camps
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.
ESG
-
-
Tensions simmer over definition of impact investing
Impact investing, as a dedicated niche of sustainable investing, is under threat by greenwashing from mainstream asset managers, specialists warn.
-
Investment industry’s homophobic banter highlighted in LGBT+ report
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.
-
ESG investors face mixed bag with bitcoin and blockchain
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.
-
Vanguard and Blackrock exposed to US child detention camps
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.
-
LGIM launches ESG fund for DC investors
Legal & General Investment Management has launched a multi-asset fund targeted at defined contribution (DC) investors seeking an ESG option.
-
Ethical rules in new credit fund create sector biases
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 partners with Hermes on sustainable portfolio
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.
-
ESG morphs into glorified box-ticking exercise
Impact investing is being touted as an alternative to environmental, social and governance (ESG) strategies failing to live up to their ethical hype.
-
Green funds struggle to detail environmental credentials
Environmental funds are blaming poor data on holding companies for their inability to report on environmental impact as the industry’s methodology for measuring green credentials throws up mixed results.
-
China A-shares inclusion set to light ESG fuse
The opening of the China A-shares market to foreign investors provides a window for China-focused funds to push ESG criteria into greater prominence in the world’s second largest economy.
-
Amundi launches socially responsible ETF
Amundi ETF has launched a UCITS ETF designed to provide diversified USD corporate bond exposure while applying environmental, social and governance (ESG) selection filters.
