– US stock futures fell sharply after US President Donald Trump said he had tested positive for coronavirus, reported the BBC. The Dow Jones, S&P 500 and Nasdaq all indicated they would drop at least 1.5 percent at market open. The president revealed he and his wife Melania had coronavirus via Twitter.
– Ferguson, the British plumbing company, saw its shares rise 6 percent after it told investors it ...
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Open the business section of any newspaper, tune into CNBC or Cheddar, or visit your favorite financial market website and you’ll feel like just about everyone is currently opining about ‘the rise of the retail investor’. Even The Economist this month warns: ‘Be...
– Climate Action 100+, an investor group with $47 tn in assets under management, sent a letter to companies with large greenhouse gas emissions calling for them to become net-zero emitters by 2050, reported the Financial Times (paywall). The group has already had a number of successes forcing change at large companies. Investors in the group include BlackRock and PIMCO.
– The ...
One overarching theme has dominated the asset management industry since the global financial crisis: the flow of assets from active management to passive vehicles. The flow of funds into passive has rocked the once-lucrative asset management industry and forced fees down from stratospheric heights to more investor-friendly levels. This structural shift in investing behavior has resulted in unique arbitrage opportunities for savvy portfolio managers, but has also yielded si...
– Storebrand, the Nordic investment manager with more than $90 bn in assets, divested from mining and energy companies over their lobbying activities related to climate change, reported the Financial Times (paywall). The firm sold holdings in ExxonMobil, Chevron, Rio Tinto and Southern Company, as well as German chemicals group BASF. ‘Storebrand’s move is thought to be the first ex...
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Following second quarter results, investors now have improved visibility on the impact of Covid-19 and are starting to make significant decisions on their investment allocations, according to the Nasdaq Global Perception team.
In this environment, companies need to clearly communicate around the topics investors are most focused on, such as business model durability, consumer and workforce dynamics, ESG agendas, debt obligations, an...
Your firm is all about ESG investing. How did the decision come about to make ESG the centerpiece of your investing strategy?
Responsible investing is what we do and we take it from the perspective of our responsibilities to our clients. So in terms of fully meeting our responsibilities to our clients, we use ESG information to really work in two areas. First, we use ESG to inform our security selection. Second, we use ESG metrics to determine how t...
- Sustainable investment funds continued to see strong inflows during the second quarter of the year, according to the Financial Times (paywall). Between April and June, such funds saw net inflows of $71.1 bn, said the newspaper, citing data from Morningstar.
- The world’s largest asset managers are pushing up volatility in company stocks, according to new academic research, t...
Since 2014, when Prime Minister Shinzo Abe introduced a stewardship code, Japanese companies have found themselves under sustained pressure to up their corporate governance practices.
Despite the spread of Covid-19, that pressure has remained high in 2020, with a record number of shareholder proposals filed during the Japanese AGM season.
Below, we speak with Shigeo Imakiire, president of Investor Communications Japan (ICJ), a joint venture of Broadridge an...
What roles do you play with regard to your company’s ESG function?
Ben Colton –Our primary responsibility is voting and engagement. We developed a stewardship program focused on governance and sustainability issues. We work closely to integrate R-Factor [SSGA’s sustainability score] into our stewardship work and to integrate ESG across ...