Buy side Archive

Apr 24, 2019
Hermes: Taking a localized approach to engagement
Society’s spotlight is shining increasingly brightly across countries and industries worldwide. While corporates globally are becoming ever more aware of their social responsibilities, the driving forces behind this shift vary by country, highlighting the need for a localized approach to company engagement. In the US, for example, politics, labor shortages and consumer sentiment seem to be giving this once-fringe practice greater prominence. In other markets, regu...
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Apr 23, 2019
Asian investors least interested in diversity, finds research
Just 6 percent of Asian investors say they are either interested or very interested in diversity or gender issues at the companies they follow or invest in, according to the latest research from IR Magazine. This is far lower than the 29 percent of North American investors that are either interested or very interested in these issues or the 19 percent of European investors with similar enthusiasm, as revealed in the ...
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Apr 19, 2019
LGIM’s votes against directors increased by more than one third last year
The UK’s biggest fund manager is ramping up the pressure on big companies that lack board independence, highlighting Japan and the Asia-Pacific region as the biggest culprits. Legal & General Investment Management (LGIM), which manages around £1 tn ($1.3 tn) worth of assets, voted against 3,864 company directors globally last year – a 37 percent increase on 2017 – following its strengthened voting policies. It notes that the issue of board independ...
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Apr 05, 2019
The week in IR: Hong Kong securities watchdog cracks down on margin finance, and SEC sides with Exxon on shareholder climate proposal
Hong Kong’s securities watchdog said it is cracking down on margin finance after a number of high-profile collapses in the share prices of traded companies, reported the Financial Times. The Securities and Futures Commission recommended guidelines that would block brokers from offering margin loans for stock purchases of more than five times clients’ capital. The new ...
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Apr 01, 2019
Investors boosting allocation to hedge funds
Despite a turbulent 2018, noticeable for poor performance, institutional investors are boosting their allocation to hedge funds, driven by a search for alpha generation and diversification, a JPMorgan Chase institutional investor survey finds. An examination of these investor priorities geographically shows alpha generation to be the primary reason for investors in EMEA (58 percent) and Asia-Pacific (57 percent), while fewer consider it as important in the Americas ...
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Apr 01, 2019
Hermes: Five misconceptions of company engagement
This investor engagement role remains a young phenomenon for most and therefore many myths exist around approaches to engagement and a company’s willingness to change. Here, Will Pomroy, lead engager of the Hermes SDG Engagement Equity Fund, puts to bed five misconceptions. Myth one: ‘Dirty’ companies will never become fully clean Some believe engagement with so-called ‘dirty’ companies is destined to fail given the nature of the bu...
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Mar 29, 2019
Submerging from emerging: The next stage – for some – in Saudi Arabia’s equity story
At this stage in the story of Saudi Arabia’s equity market emergence, two of the world’s three most important index providers – FTSE Russell and S&P Dow Jones – have included the country in their emerging market (EM) indices. By the end of 2019, the country is hoping that its newly gained status will attract $20 bn of foreign investment, supporting ...
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Mar 25, 2019
Foreign investment into China set to top $1.5 tn over 10 years
Things are looking up for the Chinese market, with an impressive $1.5 tn of investment into China expected over the next 10 years, as a new foreign investment law starts taking effect, according to research from law firm Linklaters. The analysis projects $1.5 tn of inbound investment into China over the next decade, accelerated by the newly signed Foreign Investment Law, which increases the scope for foreign investors’ Chinese M&A and investment strategies. Th...
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