NEST shifts 20% of developed equities into UBS climate aware fund

James Phillips
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NEST shifts 20% of developed equities into UBS climate aware fund

The National Employment Savings Trust (NEST) has partnered with UBS to reduce its default fund's exposure to climate change risk, while attempting to influence corporate change.

The NEST Retirement Date Funds will move some investments into the bespoke UBS Life Climate Aware World Equity Fund. ‘Positive tilts' will apply to firms that support or use renewable technology...

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