The latest offerings in investments, such as funds and structured products, and other notable developments.
Schroders has launched its Islamic Global Equity Fund, a diversified investment strategy which combines Shariah Law compliance with multi-factor investing.
The fund seeks to outperform the Dow Jones Islamic Market World Index over a three- to five-year period and will be run by the Schroders Systematic Investments.
Robeco has launched two low-carbon fixed income strategies domiciled in Luxembourg, available to institutional and retail investors via wholesale distributors on registration.
The RobecoSAM Climate Global Credits will invest globally in corporate bonds with explicit targets that contribute to the Paris climate goals. The strategy starts with a 50 per cent lower carbon footprint than the broader corporate bond market and aims to decarbonize 7 per cent a year. Victor Verberk, Reinout Schapers and Peter Kwaak from Robeco’s global credit team will manage the fund.
The second RobecoSAM Climate Global Bonds strategy is a global aggregate portfolio of fixed income assets aiming for a lower carbon footprint relative to global investment grade bonds; it also has a 7 per cent a year decarbonization target. The bonds' strategy will be managed by Jamie Stuttard, Regina Borromeo, and Bob Stoutjesdijk in Robeco’s global fixed income macro team.
The firm says both strategies will be measured against newly-created climate indexes, developed jointly by Robeco and Solactive. The Dutch asset manager recently announced its goal of achieving net-zero emissions by 2050 across all assets under management.
Amundi, which is a subsidiary of the Crédit Agricole group, made a number of senior appointments in Europe. It named Christian Pellis as CEO of Amundi in Germany; Philippe d’Orgeval has been appointed CEO of Amundi in the UK, Laurent Guillet has been named head of solutions and services department within the distribution and wealth division at Amundi in Paris. Thierry Ancona has been named head of third party distribution.
In Asia, the firm named Xiaofeng Zhong as chairman of its Greater China business. Xiaofeng Zhong joined Amundi Hong Kong Limited in November 2011 as deputy chief executive, sales and marketing, and was appointed CEO, North Asia in September 2012.