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
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Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.