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ESG rises to the top of Lipper Awards - InvestmentNews

ESG rises to the top of Lipper Awards Calvert and American Century bring home overall fund company awards, and a record 21 funds sweep their categories. March 11, 2021 4 MINS Past performance might not necessarily be indicative of future returns, but apparently it is indicative of an expanding validation of ESG investing. For the second year in a row, Calvert Research and Management, a $32 billion fund shop built on a foundation of sustainable investing strategies, is the overall winner in the small company category of the Refinitiv Lipper Fund Awards. The annual awards, which are based on risk-adjusted performance over the past three-, five- and 10-year periods, sets the breakpoint between small and large companies at $99.4 billion under management.

Defined Benefit Pension Plans Struggle with Negative Real Rates

Pensions Swamped in a Sea of Negative Real Rates: Brian Chappatta The 30-year U.S. real yield has been negative since mid-June after never falling below zero at any point since at least 2004. Bloomberg | Dec 28, 2020 (Bloomberg Opinion) Defined-benefit pension plans were already barely treading water heading into 2020. In the years ahead, the risk is as great as ever that a large swath of them will drown. As the name implies, defined-benefit pensions promise to pay a set amount to retirees. While corporate America has largely moved away from this structure in favor of 401(k) options (or “defined contribution” plans), virtually all state and local governments still offer these reliable retirement payouts. And they’ve been falling behind in a big way: In the 2019 fiscal year, states had $1.48 trillion in unfunded pension liabilities, while the 50 largest local governments faced $478 billion in adjusted net pension liabilities, according to calculations from Moody’

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