Fund Management
What's New In Investments, Funds? - M&G, BlackRock
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The latest in funds and investments around the world.
M&G Investments
M&G
Investments has launched a UK-domiciled multi-asset fund
incorporating environmental, social and governance factors, part
of a continuing trend of such ESG-themed approaches.
The M&G Sustainable Allocation Fund is managed by Maria
Municchi and supported by deputy fund manager Steven Andrew.
The fund invests in a diversified range of asset classes from all
over the world including emerging markets (net allocation ranges:
20-80 per cent in fixed income, 20-60 per cent in equities, and
0-20 per cent in other assets).
The firm's team uses dynamic asset allocation and an assessment
of behavioural factors to identify assets that can provide a
total return of between 4 to 8 per cent per annum over any
five-year period. Asset allocation is the main driver of returns
in the fund.
M&G will screen out companies that violate United Nations
Global Compact Principles and that derive their revenue from
specific sectors: tobacco, alcohol, adult entertainment,
gambling, thermal coal, defence and weapons.
BlackRock
BlackRock has
launched an exchange-traded fund that taps into the growing
global emphasis on sustainable energy sources in
transportation.
The iShares Electric Vehicles and Driving Technology UCITS ETF
runs alongside the firm’s existing 16 thematic products, and
27-strong range of ESG ETFs.
The ETF, which tracks the STOXX® Global Electric Vehicles &
Driving Technology Index, comprises companies involved in
manufacturing, battery suppliers and component producers, and has
a Total Expense Ratio (TER) of 0.40 per cent, it said in a
statement.
BlackRock said that there is major potential from such
sustainable transportation ideas, citing data showing that there
are 1.1 million electric vehicles sold every year and that by
2040 this figure is expected to rise to 60 million.