Fund Management
What's New In Investments, Funds? - Legal & General, Ossiam

The latest in funds and investments in Europe, Middle East and Africa.
Legal & General
Legal & General Investment Management has launched a retail
offering in the Italian market and will offer investors access to
its range of investment solutions, available within exchange
traded funds, UCITS and other structures.
As part of the Italian launch, Giancarlo Sandrin been appointed as Italy country head for wholesale and retail. He will be based in a newly-opened office in Milan, and report to Simon Hynes, head of retail EMEA distribution at the UK-based firm.
Prior to this Sandrin was at BlackRock, where he was head of
asset manager clients for its Italian iShares business.
Previously, he held senior positions at the asset management
branch of HSBC Investments France, and at MTS, the market in
Europe for fixed income trading.
Ossiam
Ossiam, the affiliate
of Natixis Investment Managers, has launched an exchange traded
fund that replicates returns of environmental, social and
governance-themed investments where companies are ranked by
machine learning techniques.
The Ossiam World ESG Machine Learning UCITS ETF, to give its full
name, aims to deliver the net total return of a selection of
equities in global developed markets using a machine learning
algorithm that ranks companies according to their ESG and
financial potential.
“A clear trend has emerged of large equity investors putting ESG
at the core of their allocation decisions. At the same time,
progress in artificial intelligence, and the increased depth and
quality of data, has enabled us to improve investment processes
by incorporating the valuable information embedded in large
amounts of ESG data,” Antonio Celeste, head of ESG business
development at Ossiam, said.
The ESG filter process used in the strategy strips out firms that
have gone through “severe controversies, are involved in
controversial weapons business; have significant operations in
the tobacco or coal sectors; are excluded by the Norges Bank
Investment Management list, and are not compliant with the Ten
Principles of the UN Global Compact (on ESG principles). Those
equities that go through the filter are then screened using
machine learning techniques.
JP Morgan Asset Management
JP Morgan
Asset Management has launched three exchange traded funds
replicating returns from actively managing corporate
bonds.
The following ETFs are now available on the London Stock Exchange
(LSE), Deutsche Boerse Xetra and Borsa Italiana: EUR Corporate
Bond Research Enhanced Index UCITS ETF; EUR Corporate Bond 1-5yr
Research Enhanced Index UCITS ETF; USD Corporate Bond Research
Enhanced Index UCITS ETF, and Global Emerging Markets Research
Enhanced Index Equity (ESG) UCITS ETF.
JPMAM said the funds offer an alternative to passive corporate
bond market investing. “Passive bond ETFs tend to replicate index
weights which are determined by the amount of debt outstanding.
As a result, passive investing tends to force investors to own
the most indebted and most leveraged of issuers without taking
into consideration whether these bonds are compensating investors
for the amount of credit risk they are taking,” the firm
said.
With its active ETFs, the JP Morgan Asset Management said they
focus on identifying the most attractive opportunities on a risk
adjusted basis so that investors are not unnecessarily exposed to
uncompensated risks inherent in passive investing.