Aegon has incorporated ESG into its £19bn TargetPlan defined contribution (DC) default fund for its master trust and group personal pension plan.
TargetPlan is part of the DC platform and administration businesses Aegon acquired from BlackRock last year. The ESG component has been added via BlackRock's range of target date funds, called LifePath....
Mark Denning, who helped to run $300bn of assets at Capital Group, has resigned from his role after he was alleged to have secretly bought shares for his own benefit in some of the same companies as his funds.
The first generation of ESG strategies excluded whole sectors from investors’ portfolios. Such approaches are still widely used, but investors may be underestimating their impact on portfolio diversification.
Asset manager BNP Paribas has been awarded a private credit mandate by Nest following a competitive open tender.
Industry Voice: Economic policy or economic growth? What matters most for sovereign bond quality and performance? See Eaton Vance's latest report
In this paper, Marshall Stocker, Ph.D, CFA, explores the key drivers of sovereign bond ratings, spread performance and frequency of defaults, paying particular attention to the determinant role that economic policy plays.