AMWatch

Wells Fargo launches climate-focused credit strategy

The UK state pension fund has already converted the USD 2bn it has with the manager to the new strategy.

Photo: Stephanie Keith/REUTERS / X03264

Wells Fargo Asset Management is launching a new climate transition global investment grade credit strategy. The aim is both to help investors reach their climate and financial goals and to support the decarbonization of the economy, the company says in a statement.

The strategy is already being used by investors including the UK's National Employment Savings Trust (Nest). Earlier this year, the pension fund converted its allocation of USD 2bn with Wells Fargo Asset Management to the new strategy to align with its climate policy.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and hear about their career experiences. 

Fidelity plans to halve CO2 in investment portfolios by 2030

Fidelity International's target will initially be limited to portfolio companies' direct emissions and those that stem from energy the company buys, so-called Scope 1 and Scope 2 emissions. The manager intends to add Scope 3 emissions once it has access to better data.

Further reading

Related articles

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch