Dutch pension giant EUR150bn APB has appointed US-based Innovest Strategic Value Advisors to provide research to its fledgling socially responsible investment (SRI) portfolios.
To initiate its first venture into SRI, the Heerlen-based fund has allocated EUR100m to European active equity and $100m to US active equity. These funds are managed in-house.
Rene Maatman, ABP’s chief counsel said: “These are two experimental portfolios and after a certain period of time, usually three years, we will evaluate the results.” By Madhu Kalia
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.