Swiss asset managers Zurich Scudder Investments has chosen US research company Innovest Strategic Value Advisors to add to its existing research capabilities.
New York-based Innovest - which also has operations in Canada and London - will complement ZSI’s own research into socially responsible investing, set up since 1995.
ZSI will employ Innovest’s EcoValue 21 rating system which aims to identify the worst and best SRI performers within a peer group and any potential impact on share prices.
Joint head of ZSI pan-European equities Michael Taylor said:
“We believe that effective incorporation of SRI issues into our research thinking can help us to identify companies which are long term winners and can also help us avoid unpleasant surprises.”
He added: “We have no plans to launch separate ethical products in the near future.”
By Madhu Kalia
Hyperbolic discounting and political temptation: Why Brexit-fuelled AE reversal would be a 'monumental' mistake
The home secretary has suggested AE should be scrapped in the event of a no-deal Brexit. Darren Philp explains why this would be misguided
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.