Federated Hermes has hired Ross Teverson from Jupiter as a dedicated team head for engagement in Asia and emerging markets. Based in London, Teverson will be responsible for the development and delivery of Federated Hermes’ EOS engagement plan with companies in the region. The group said it engaged with 270 firms in Asia and EMs … Read more
The world is at a pivotal point in a transition to clean energy, but the path is anything but straightforward and easy, panelists at last week’s Milken Institute Public Finance Forum said. The level of interest and resources for renewable energy projects has never been higher, with last year’s Inflation Reduction Act being one example, … Read more
When hearing “COP” conference, many think of the UN Climate COP. However, another Conference of the Parties that is making incredible strides is the “Biodiversity COP.” The 2022 Conference of the Parties of the United Nations Convention on Biological Diversity (COP15) held in Montreal was attended by representatives from 188 governments around the world, ministers … Read more
Stewart Investors has launched an Irish-domiciled VCC version of the Indian Subcontinent Sustainability Fund, managed by Sashi Reddy and David Gait. The OEIC strategy was launched in 2006 and currently has $627m in assets under management for global clients. Joining the group’s existing global suite of sustainability funds, the Irish-domiciled VCC will be available to … Read more
A vegan ETF is claiming the title of first to be certified as carbon neutral without relying on offsets. That product, the VegTech Plant-based Innovation & Climate ETF, received the designation from third party Ethos ESG, the investment firm announced today. The ETF invests exclusively in companies involved in plant-based foods and materials and avoids … Read more
Newton’s Third Law of Motion states that for every action there is an equal and opposite reaction. Investing in investments that have sustainability criteria has accelerated in the past decade – there’s now more than $4trn in total global assets. With this massive capital transfer into ESG investments, there’s been an increasing backlash to the … Read more
Following a decade of remarkable growth in US strategies that integrate ESG criteria into their analysis and portfolio selection, the 2022 US SIF trends report released last month showed a significantly lower number of assets under management. While some may say this data suggests we have reached “peak ESG,” or that this is a rebuke … Read more
Whatever you think about the alleged “backlash” against ESG that characterised 2022, there’s no denying the speed at which ESG as a concept has inserted itself into the mainstream of the investment world. Of these three factors, the last, governance, has been around the longest and is the least apt to set your pulse racing. … Read more
ESG products accounted for 65% of total flows into ETFs in 2022, amid a challenging backdrop for performance. The European ETF and ETC market amassed €78.4bn of flows in the fourth quarter of last year, according to Morningstar’s Direct European ETF Asset Flows Update Q4 2022, a figure markedly lower than the €160bn reported in … Read more
Transamerica is overhauling a large-cap fund, giving the product an ESG mandate. The company’s $159m Large Core Fund will become the Large Core ESG Fund on March 1, accompanied by a significant change in the range of securities it can select from, according to an SEC filing December 28. As of that date, the fund … Read more