Marianne Ayala/Insider
Asset managers are building new products to satisfy growing investor demand for cryptocurrencies.
Crypto s high carbon emissions are a stumbling block for some, one exec told Insider.
Here s a look at how different asset managers are addressing those concerns.
US investors are hungry for cryptocurrency, evidenced by bitcoin s rapid rise to a market capitalization of more than $1 trillion and the crypto giant Coinbase s recent initial public offering, which blew investors expectations away.
In addition, the US Securities and Exchange Commission is reviewing at least nine applications for the first domestic crypto exchange-traded fund.
As asset managers build new products to satisfy the growing demand for crypto, they could have to reckon with another trend popular among some investors sustainability. Bitcoin notoriously consumes more energy than Argentina due to its onerous mining process, and its energy use is only going up,
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Two new net zero alliances for the financial sector were
launched on April 21, 2021: The Glasgow Financial Alliance for Net
Zero (
GFANZ) and the Net-Zero Banking Alliance
(
NZBA). The launch of these two alliances will
bring about coordinated commitments across the financial
system that are subject to transparent reporting and accounting in
line with the Race to Zero criteria.
We highlight key aspects of GFANZ and NZBA in this Blog
Post.
GFANZ
GFANZ brings together over 160 leading financial firms
responsible for assets exceeding USD 70 trillion from existing and
Lombard Odier IM rolls out four TargetNetZero funds
Events
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Global and European equity and fixed income strategies
Lombard Odier s new funds are designed to drive towards the transition to net zero
Lombard Odier Investment Managers has launched four TargetNetZero strategies designed to decarbonise portfolios and to help accelerate the transition to a more sustainable economy.
The TargetNetZero Global Equity and TargetNetZero European Equities strategies are low-tracking error strategies that tilt the MSCI World and MSCI Europe indices towards companies in climate-relevant sectors that are aligned to the Paris Agreement through rapid decarbonisation.
Activists urge Blackrock and Vanguard to vote against Exxon CEO over climate concerns
PIRC has added its name to the list of shareholders gearing up with side with activist investor Engine No. 1.
Climate activists have bombarded Exxon Mobil’s top shareholders with calls and emails, urging them to vote against the reelection of chief exec Darren Woods and lead independent director Kenneth Frazier at an upcoming shareholder meeting.
Blackrock and Vanguard Group hold more than 13 per cent of Exxon share combined.
Exxon is currently embroiled in battle with activist hedge fund Engine No. 1 over four seats on the 12-member board, as well as the company’s future direction.