
Sustainable funds face further scrutiny
Asset managers hoping to influence the shape of European regulation which governs the marketing and distribution of sustainable funds have until 4 July to make their feelings clear.

Asset managers hoping to influence the shape of European regulation which governs the marketing and distribution of sustainable funds have until 4 July to make their feelings clear.
J.P. Morgan Private Bank today released the results of its third-annual Top 200 Women-Powered Businesses report, which shows that since 2013 there has been a consistent upward trend in both the volume and total value of exits of businesses founded, led or managed by women in the UK.
Morgan Stanley Investment Management (MSIM) has held a first close for the 1GT climate private equity strategy (1GT) at USD500 million of equity capital commitments. Investors include public and private pension funds and an insurance company in the Nordic region, Germany and the UK.

A lack of awareness of ESG among local businesses and companies in frontier and emerging markets is creating challenges for sustainable investors in these regions, according to Vietnam investment manager Dragon Capital.
Goldman Sachs Asset Management has published the findings of its social bonds survey, Investing in Inclusive Growth.

Investors must take a “big picture” approach to supporting the green energy transition which, according to Deutsche Bank (DB) Private Bank CIO Markus Mueller, means including big Oil & Gas companies.
DWS in the US has announced the listing of Xtrackers MSCI USA Climate Action Equity ETF (NYSE: USCA), with significant first day investment from Ilmarinen. The firm writes that the fund is designed for investors seeking exposure to large and mid-cap companies in the United States that are leading their sector peers in taking actions relating to climate transition.

If any ESG doubters remain in the asset management world, assets inflows to responsible investment products may well force them to climb aboard the sustainable finance bandwagon.

Fining asset management firms that engage in greenwashing has widespread support among European institutional investors, according to the latest Cerulli Edge—Global Edition. According to the research, 85 per cent of asset owners polled across seven markets favor fines for transgressors.
Digital investor communication platform, Proxymity, has announced that State Street has deployed its digital proxy voting service, Vote Connect Total, in the UK and Ireland in time for the 2023 proxy season.