AMX appoints SSGA as first passive funds provider
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.
The fund manager will launch two investment strategies with the platform: global equity, and global adaptive capped ESG. The global equity fund will track the MSCI world index while the adaptive capped ESG fund will track an ESG universal index in the MSCI all county world series.
The funds will be managed by SSGA while being owned, administered and branded by AMX.
Both will include high levels of governance and stewardship, providing investors with active influence over the companies they are invested in.
SSGA head of UK institutional Jenny Yoe said: "We believe the economies of scale we can offer will significantly reduce costs and increase operational efficiencies for our clients.
"Investors committed to responsible asset stewardship and ESG can now select strategies matching their investment goals on the AMX platform."
AMX chief executive Oliver Jaegemann added: "There has been a growing demand from institutional investors to be more proactive stewards in the assets they own due to the impact of certain ESG risks on their investment portfolios.
"We are meeting this demand by providing our first passive equity funds at a very accessible price pint and with high governance standards."
More on Investment
Nest to bolster climate change strategy to support carbon cuts
Government auto-enrolment provider Nest has mapped out how it will aim to help tackle climate-related risks, by testing ways to support cutting carbon emissions to 1.5 degrees.
CMA fiduciary manager comparison metrics a win for sector transparency
Metrics that will allow pension funds to compare providers’ performance for the first time will provide a much-needed boost to transparency, according to Dalriada Trustees.
Aon paper guides trustees to opportunities for public equity impact
Aon has published a paper offering pension scheme trustees insight into investment areas if they are looking for competitive financial returns and to deliver a positive social and environmental impact.
Election result gives markets 'Boris bounce' but uncertainty remains
The Conservative Party’s election success has delivered a rally for UK equity markets and sterling but uncertainty over a future trade deal with the EU remains.
Most read
