Nordea AM lands its largest single climate mandate to date
The largest asset manager in the Nordics has been awarded a GBP 325m (EUR 359.2m) climate equity mandate by a British pension partnership.
AMWatch
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The largest asset manager in the Nordics has been awarded a GBP 325m (EUR 359.2m) climate equity mandate by a British pension partnership.
The Dutch fund manager Robeco Institutional Asset Management has added 232 fossil-fuel producers to its "exclusion list."
Investor demand for low-carbon portfolios is not the only driver behind a massive growth in energy transition fund launches across both the Nordics and the wider world, long-term thematic investor Ulrik Fugmann explains. In the Nordics, fund managers Robert Slorach and Philip Ripman are the latest to oversee portfolios within the theme. Morningstar analyst expects that investors will have even more funds to pick from going forward.
According to the investor's announcement, the mandate would include investments in Russia and Turkey in addition to some Eastern European countries, for example through the MSCI EM Europe Index.
Nordea Asset Management leads a group of 21 investors, representing EUR 4.7trn, which urges the consortium behind a giant new coal power plant in Vietnam to halt its plans. Samsung and Korea Electric Power will curb their participation in future coal projects, but it's too late to back out of the Vung Ang 2 project, they say.
Following a stronger than expected Q3, Evli has regained redemptions and investment losses over the spring. Evli CEO Maunu Lehtimäki holds high hopes for continuing sales of alternative investment products, and plans to continue the EUR 13.6bn asset manager's energetic product launch program.
Climate efforts have become a parameter in line with companies' abilities to be profitable. In a new report, Danske Bank points out which shipping companies are the closest to achieving the International Maritime Organization's (IMO) target of lower emissions and which still have the furthest to go.
There's reportedly plenty of interest in acquiring the Danish solar power investor, and talks are reportedly underway with several private equity firms concerning a partial sale of Obton.
When pension funds exclude companies not living up to the ESG goals, this may impede their own returns without having any real impact, say professor Peter Løchte Jørgensen and former chief economic advisor Michael Svarer.
The investor is currently identifying potential funds and expects to make an allocation in the range of USD 10-20m during 2021 "if a suitable strategy is identified".
A pension firm in Denmark that has a reputation for enforcing some of Europe’s toughest ethical investing standards says it won’t do business with hedge funds.
The total mutual fund volume managed according to enhanced sustainability requirements has increased steadily since a major leap a few years ago.
Europe's largest asset manager Amundi has introduced a new approach to ESG and aims to find higher risk-adjusted returns, Kasper Elmgreen, Head of Equities at Amundi, tells AMWatch.
In five years, the size of ESG mutual funds might overtake the funds that do not specifically focus on environmental, social and governance issues, according to analysis.
Thomas Nielsen, who manages one of this year's best-performing Norwegian funds, prefers to keep away from stock market new-comers and so-called green equities, since his main priority is accounting history.
The market is now truly starting to see that sustainable investments are not analogous to poorer returns, says US-based investment manager.
Pension company PFA has offloaded more fossil energy assets after having taken a sharper look at its portfolio.
The Austrian Ecolabel should strengthen Fondita's marketing efforts in Central Europe, says deputy CEO and partner Fredrik von Knorring.
Europe is set to become the world leader in green bond issuance and one of the side effects could be a stronger currency.
Despite massive new issuances of social bonds, the market is still too narrow, according to Morgan Stanley IM. Also, implementing sustainability into bond portfolios is a way of creating fixed income portfolios with social bonds.
The former Danske Capital executive thinks he has acted responsibly, and he is pleased that the Danish FSA has reached the same conclusion. He did however worry about the fit & proper scrutiny, he tells AMWatch's sister media FinansWatch.
It's unfortunate that the S in ESG tends to fall into the background, writes Jan Eggertsen, the Head of Northern Europe & Middle East at T. Rowe Price, in a column.
Since its foundation in 2018, the placement agent Worthwhile Capital Partners has done fundraising work for two funds investing in the decarbonization of the power generation sector, and for direct wind energy investments. Now, the company wants to expand on the range of funds that are taken to institutional investors, and its number of employees.
State Street Global Advisors is launching three climate equity funds for investors looking to reduce climate risk in their portfolios.
In recent years, small companies have had a significantly better development in the Swedish stock market than large ones, says CEO of SPP Fonder.
