AMP chair Debra Hazelton
AMP has discontinued negotiations with Ares Management for the sale of its Private Markets entity and will instead list the business on the ASX, leaving AMP Limited to focus on its retail channels and the remaining elements of AMP Capital.
AMP Limited will now consist of the licensee groups that make up its wealth management business, as well as its investment and banking entities. AMP Limited will also retain AMP Capital’s Multi-Asset Group (which will fold into banking and wealth division AMP Australia), a 20 per cent stake in Private Markets and the Global Equity and Fixed Income (GEFI) business, which is being prepared for sale.
Brewin Dolphin to launch Sustainable MPS for advisers
Five model portfolios
Brewin Dolphin is to launch a model portfolio service (MPS) for advisers with a sustainable investing focus.
Its Sustainable MPS will be made up of five model portfolios designed to maximise returns from income and capital growth from a selection of funds that excludes exposure to controversial sectors . Exposure to companies that have a positive societal or environmental impact will be favoured.
The funds included in the five portfolios go through a full environmental, social and governance (ESG) selection process, according to the firm.
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The MPS will invest in funds that seek to exclude companies involved in tobacco, controversial weapons, thermal coal, gambling and adult entertainment; funds that integrate ESG factors into investment decisions and stewardship activities; and impactful companies.
Portfolios will be made up of funds that exclude exposure to ‘controversial sectors’
Wealth firm Brewin Dolphin will roll out a managed portfolio service (MPS) for IFAs which will be aligned to sustainability principles.
The firm said the range will comprise of five model portfolios designed to maximise returns from income and capital growth.
The portfolios will be made up of funds that exclude exposure to “controversial sectors” and are invested in companies that have a positive social or environmental impact.
Such funds will go through a three-stage selection process, including:
Exclusion: not invested in companies involved in tobacco, weapons, thermal coal, gambling, and adult entertainment;
OTC Markets CEO Cromwell Coulson said in a tweet Wednesday that Hometown International s demotion and warning label were due to public interest concerns – and for not complying with the rules.
$HWIN Delisted from OTCQB for not complying with the rules and marked CE for public interest concerns https://t.co/pMKO55Uq2B Cromwell Coulson (@cromwellc) April 22, 2021
OTC Markets officials on Thursday would not say whether they have contacted the Securities and Exchange Commission, which regulates publicly traded companies, about their concerns with Hometown International.
But OTC Markets general counsel Dan Zinn noted that every suspension or action the firm takes against one of the 11,000 companies that trade on its over-the-counter market platforms is all publicly available, so the SEC and FINRA [the regulator of broker-dealers] has access to all of these.