M&G makes £35m investment in Oxford Nanopore Technologies
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Part of £5bn sustainable private assets mandate
Oxford Nanopore makes products such as DNA sequencers
M&G has invested £35m in University of Oxford spin-out Oxford Nanopore Technologies, as part of a private transaction totalling £195m.
The asset manager announced that the investment has been made by its newly-formed 25-strong Catalyst team, which has a mandate to invest up to £5bn into privately-owned innovative enterprises working to create a more sustainable world .
Lombard Odier IM rolls out four TargetNetZero funds
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Global and European equity and fixed income strategies
Lombard Odier s new funds are designed to drive towards the transition to net zero
Lombard Odier Investment Managers has launched four TargetNetZero strategies designed to decarbonise portfolios and to help accelerate the transition to a more sustainable economy.
The TargetNetZero Global Equity and TargetNetZero European Equities strategies are low-tracking error strategies that tilt the MSCI World and MSCI Europe indices towards companies in climate-relevant sectors that are aligned to the Paris Agreement through rapid decarbonisation.
IW Long Reads: Clear as mud? ESG fund info has a long way to go
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How to frame products effectively so investors can choose the right ones
Mark Battersby
The industry has made progress in how it presents information on ESG funds - a challenging space to make complete sense of, and compare like with like - but there is more to do.
Last year saw $505.8bn of specific use of proceeds issuance , which encompasses social bonds, green bonds and sustainability bonds, according to Bloomberg data.
This included an 894% year-on-year growth in the issuance of social bonds, up from 2019 s then-record $18bn, with 2021 issuance of the instruments already hitting $101.9bn as of 21 April.
Social bonds are defined by the International Capital Market Association (ICMA) as use of proceeds bonds that raise funds for new and existing projects with positive social outcomes .
Bond, who was involved in the development of the ICMA s social bond principles through membership on a number of subcommittees, acknowledged last year s social bond issuance growth came from a very low base but said he expects further growth on a similar trajectory to what we have seen with green bonds since 2014 .