BlackRock adds to list of sustainable money market funds
BlackRock announces new money market fund: BlackRock Liquid Environmentally Aware Fund (LEAF) Adding to a small stable of sustainable money market funds as well as short-term funds, BlackRock announced on January 23, 2019 that it has filed an initial registration statement for the BlackRock Liquid Environmentally Aware Fund (LEAF), a prime type money market fund. […]
Majority of New Fund Formations in 2018 Emphasize ESG Integration Strategies
90 new funds with $2.6 billion in assets launched in 2018 In 2018 new sustainable fund launches included some 90 funds, consisting of mutual funds and corresponding share classes as well as exchange traded funds (ETFs) that were valued at $2,588.8 million as of December 31, 2018. These funds contributed to the growth in […]
Sustainable Investing Alerts: December 31, 2018
December 28, 2018 DUE DILIGENCE Alert: MODERATE COMPETITIVE Alert: 3 Event: Federated files to offer a global equity ESG mutual fund. Briefing Points: i) Federated new mutual fund will focus on providing long-term capital growth incorporating an assessment of quality and risk “associated with a company’s approach” to ESG issues, ii) The fund will be […]
Sustainable Investing Alerts: December 15, 2018
Affected Fund(s): PGIM QMA Global Core Equity ESG Fund Asset Classes: US and Non-US Equities Management Company: PGIM Investments (Newark, NJ) DD Concern: New untested mandate Marketing Considerations: This investing approach emphasizes a value-based strategy and avoids exclusions of industries and companies. The integration of securities of companies with varying level of ESG ratings could […]
Sustainable Investing Alerts: November 30, 2018
November 30, 2018 DUE DILIGENCE Alert: LOW Event: M&G Investments offers new equity impact fund in the UK.Briefing Points: i) M&G Investments’ new fund’s selections will come from the MSCI All Country World Index of 2500 global stocks of companies operating in “countries where there are social issues,” ii) the fund will invest in companies […]
Sustainable Investing Alerts: November 1 – November 15, 2018
November 13, 2018 DUE DILIGENCE Alert: MODERATE COMPETITIVE Alert: 3 Event: HSBC Introduces Global Sustainable funds in the UK. Briefing Points: i) HSBC Global Asset Management (GAM) introduced two global sustainable funds, a multi-asset conservative portfolio and a multi-asset balanced portfolio. The funds are part of the established HSBC GAM multi-asset series, ii) The conservative […]
Sustainable Investing Alerts: October 16, 2018 – October 31, 2018
October 25, 2018 DUE DILIGENCE Alert: LOW COMPETITIVE Alert: 1 Event: New European ESG fund from Spanish insurer, Mapfre. Briefing Points: i) The Spanish insurance company, Mapfre, has opened a new ESG-responsible fund with an emphasis on capital preservation, ii) The new Luxembourg domiciled fund, which is part of a new line of Mapfre ESG […]
ESG Liquidity Fund Targeted to Institutional Investors Offered by DWS
Summary DWS launched an institutional money market fund that integrates environmental, social and governance considerations while at the same time employing exclusionary screens. This $329.3 million fluctuating Net Asset Value (NAV) fund contrasts with the stable value GuideStone Money Market Fund that pursues a values/religious-based approach. Other significant differences extend to eligible security types, minimum […]