World s largest asset owner invests €2 4bn in gender diversity index citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Japan’s Government Pension Investment Fund (GPIF) will benchmark another 1.3 trillion yen (US$12.5 billion) of sustainable investments in foreign equities against two indices from MSCI Inc. and Morningstar.
The pension fund, which adopted environmental, social and governance (ESG) investing in 2017, had outsourced around 5.7 trillion yen of ESG investments in both domestic and foreign equities as of end-2019.
These are benchmarked against five indices developed by MSCI, FTSE Russell and S&P Dow Jones Indices.
The two new additions for foreign equity investments are the MSCI ACWI ESG Universal Index and Morningstar Gender Diversity Index.
According to GPIF President Miyazono Masataka, they are in line with “our objective of improving long-term returns through enhanced sustainability of individual issuers and the market as a whole”.
By Rachel Fixsen2020-12-21T12:45:00+00:00
Green bond issuance around the world will hit €300bn next year, with the amount of the environmentally-linked debt coming onto the market rising by 50% from this year, Dutch firm NN Investment Partners (NN IP) has predicted.
The firm said several developments coming up next year would support the market for green bonds, including the publication of the final version of the EU’s Green Bond Standard; the bloc’s planned green bond issuance debut from Q2 onwards and first-time issuance from several national governments.
The EU’s upcoming green bond issuance is estimated to be around €225bn, NN IP said, which is equivalent to a third of its COVID-19 recovery package.
World s Largest Asset Owner, Japan s Government Pension Investment Fund, Selects New Gender Diversity Index Launched by Morningstar in Collaboration with Equileap
New index weights constituents based on 19 gender equality criteria provided by Equileap
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(PRNewsfoto/Morningstar, Inc.)
TOKYO, Dec. 18, 2020 /PRNewswire/ Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced the launch of the Morningstar® Developed Markets ex-Japan Gender Diversity Index℠, a new index powered by the data and scoring methodology of Equileap, a global provider of data and insights on gender equality for investors.
Seeking long-term better risk-adjusted returns, Japan s Government Pension Investment Fund (GPIF), the world s largest pension fund with approximately $1.5 trillion in assets under management as of June 2020, incorporates not only financial factors but also environmental, social, and governance (ESG) f
Japan’s GPIF Selects Two ESG-Themed Foreign Equity Indexes
Posted on 12/18/2020
Japan Government Pension Investment Fund selected two additional ESG-themed benchmarks based on information submitted through its Index Posting System, which the fund uses to collect information on a variety of new indexes.
After closely evaluating the qualities of each general ESG-and diversity-themed foreign equity index and conducting thorough due diligence on respective providers, GPIF selected and began passive management based on the following two benchmarks:
Theme – Index Name
2. Diversity – Morningstar Gender Diversity Index (“GenDi”)
GPIF have allocated and begun passively investing a combined total of ¥1.3 trillion (approximately US$ 12.5 billion) in assets against these two benchmarks.