The European fund and asset management association remains optimistic after a chaotic year for investment management companies.
An aggregate $264bn was raised by sustainable funds closed in 2020 through September across a total of 282 funds, according to Preqin’s latest report on the rise of ESG in alternative assets.
The Spanish central bank had already sounded the alert in October on increased concentration in the fund industry.
The asset management arm of the Geneva-based group announced the opening of a wholly foreign-owned enterprise (WFOE) in Shanghai.
While data and proprietary models remain a key element in ESG integration, some asset managers are going beyond the metrics, to truly understand the on-ground challenges and issues faced by companies they invest in and collaborate towards greener investments. This weekly series divulges into the practices of asset managers, who employ diverse (sometimes uncommon) ideas, go on ground and get their hands dirty, to meaningfully embed ESG criteria into their portfolios.
Exclusion criteria were one of the most basic and common forms of ESG selection strategy, according to latest report by European Fund and Asset Management Association (Efama) and Indefi.
The insurance company wants to expand in asset management via a multi-boutique model allowing it to achieve high profitability in this business line.