Nordea AM urges consortium to stop massive coal power project
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.
Two years ago, KLP Kapitalforvaltning accounted for 4 percent of inflows to Norwegian retail funds. Now, its share is 17.6 percent. "It's been a dramatic change," says CEO Håvard Gulbrandsen, who thinks sustainable funds, low prices and new dynamics in the Norwegian retail market are responsible.
The Swedish Pensions Agency has been busy recently, with a first foray into real estate and new terms and conditions for its fund platform meaning lower fees for savers. Fund department chief Erik Fransson also discusses whether going fossil free has had an impact on returns.
Five new guidelines aim to create more transparency about how Danish pension funds asses the value of unlisted assets – but according to several pension firms, they already live up to these principles.