A British financial adviser and his boss have been banned from working in the financial services industry for lying to clients about where they invested pension pots totalling nearly £24m ($34.9m, €30.7m).
While the insurer takes a bold stance against big tobacco, its investment management arm will have a tougher time kicking the habit.
The number of FTSE 100 companies with more than one executive remuneration incentive plan has fallen in the past three years from 43% to 18%, Legal & General Investment Management said on Monday.
JP Morgan has launched the JP Morgan Ethos Investments platform, providing exposure to institutional investors looking for ESG products.
Three-fifths of UK and European institutional investors expect the rise of passive investment vehicles to have a negative impact on shareholder engagement, reported the latest paper in the Hermes Investment Management Responsible Capitalism survey.
The rising tide of regulation and ever increased scrutiny on fees has meant that scale is ever more important for wealth managers.
Nuveen Investments and TIAA-CREF Asset Management have made two environmental, social and governance (ESG) funds available to non-U.S. investors including those in the UK via UCITS vehicles.
Investec Wealth and Investments’ Nick Sketch interrogates some of the biggest consensus trades in the market right now looking for both problems and potential.
Environmental and social issues have less of an impact on shareholder returns than whether or not a company is well governed, says Hermes.
Managed by Geir Lode, head of Hermes global equities, the fund will target a return of 3% above its benchmark, the MSCI All Country World Index, on a three-year rolling average basis by “investing in companies with favourable ESG characteristics”. And, according to Lode, such a focus does not need to come at the expense…
The motivation behind making a commitment to an ethical fund varies, and the importance of the underlying moral stance will of course be different from investor to investor.
Given that healthcare has been the joint-top equity sector this year, growing 18% since the start of 2013, it is unsurprising investors and fund managers alike are positioning themselves to take advantage of profit opportunities.
