News in brief: 8 October

- Irish multi-asset pension funds made a return of -2 per cent on average in September, according to Rubicon Investment Consulting.

Fund returns ranged from -0.9 per cent to -3.1 per cent. Over the third quarter of 2021, the funds surveyed delivered a 1 per cent gain on average. During the first nine months of the year the funds surveyed have delivered an average gain of 12.7 per cent. Over the past 12 months, the average return of the 16 funds surveyed is an impressive 21.9 per cent. Returns for the past year ranged from 26.6 per cent to 17.6 per cent.

- Mirova, an affiliate of Natixis Investment Managers, has launched a new Open Ended Investment Company (OEIC), the Natixis Mirova Global Sustainable Equity fund (the fund), to facilitate easier investment for UK-based investors.

The Natixis Mirova Global Sustainable Equity Fund will be almost identical to the existing €4.01 billion Mirova Global Sustainable Equity SICAV, launched in 2013, and will be managed by Jens Peers, Amber Fairbanks and Hua Cheng all of whom are based within Mirova US. The objective is to outperform the MSCI World Net Dividends Reinvested Index over the recommended minimum investment period of five years by investing in companies whose businesses include activities related to sustainable investment themes.

- Legal & General Investment Management (LGIM) has launched its Sustainable DC Property Fund in response to a growing demand from DC schemes to access real assets and to incorporate more ambitious environmental, social and governance (ESG) targets.

The fund is reshaping an existing property portfolio to include responsible investing as a core target, with explicit environmental, social and governance (ESG) objectives, including net zero operational carbon in the direct property portfolio by 2030. The fund is already measuring carbon emissions and has set reduction objectives in line with ‘science-based’ targets.

    Share Story:

Recent Stories

An overview of growth investing
European Pensions Editor, Natalie Tuck, speaks to American Century Investments (ACI), Vice President, Senior Client Portfolio Manager, Kevin Lewis on growth investing.

They discuss how it has performed in 2021, and its outlook, going forward. They also cover ACI’s differentiated growth approach to the investment universe, and how this capitalises on market inefficiencies, as well as how ACI’s team is equipped to invest in this manner.
Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows