Funds holding $10 trillion are told their ESG goals fall short jwnenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jwnenergy.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The world’s sovereign wealth funds, representing about $10 trillion in combined assets, will end on the wrong side of history if they cling on to…
(0)
Providing a helpful overview on the rapidly shifting carbon and sustainability landscape for institutional investors, and how they can accelerate innovation
Today, the International Forum of Sovereign Wealth Funds (IFSWF), a global network of almost 40 sovereign wealth funds, in partnership with the IE University s Center for the Governance of Change, a global research center on SWFs, host a seminar on the rapidly changing landscape around climate change, the impact institutional investors are having to navigate and drive this change forward, and next steps for investors. The event follows last month s release of the first comprehensive survey of sovereign wealth funds attitudes to climate change, conducted by IFSWF and the One Planet Sovereign Wealth Funds (OPSWF), as well as IE University s annual Sovereign Wealth Funds Report publication, in partnership with ICEX-Invest in Spain.
Tom Arnold
(Adds quote from Invesco)
LONDON, Feb 23 (Reuters) - Sovereign wealth funds pulled $16.3 billion from public market investment strategies, largely equities, in the fourth quarter, the most in almost four years, driven largely by redemptions, according to data and research firm eVestment.
The move followed a year in which some funds, including those from Norway, Azerbaijan and Kazakhstan, planned withdrawals to help their governments cope with the coronavirus crisis.
Net outflows from equity strategies managed by third-party fund managers reached $18.5 billion in the final three months of 2020, eVestment data showed.
Global equity markets closed 2020 around record highs after a stimulus-charged rebound helped stocks surge more than 60% from their March lows.