JP Morgan AM hires investment stewardship head 1 minute read 21 January 2021
JP Morgan Asset Management has appointed a new head of investment stewardship and hired an ESG expert as part of its “ongoing commitment to sustainable investment”.
Felix Lam will join JPMAM as head of investment stewardship for Asia, ex-Japan. Mr Lam will be responsible for overseeing JPMAM’s regional stewardship approach by leading corporate engagement and overseeing proxy voting and stewardship reporting. The role is based in Hong Kong and reports to Jennifer Wu, global head of sustainable investing.
“Felix brings extensive expertise in equity research and ESG engagement, particularly in Greater China companies. He will help us to significantly boost our Investment Stewardship efforts,” Ms Wu said.
Vanguard, BlackRock lag State Street on some proxy votes seeking political donation disclosures: new study inquirer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.com Daily Mail and Mail on Sunday newspapers.
BlackRock/Vanguard defend voting records on racial equity
Two of the world’s largest fund managers have been accused of undermining their public statements in support of racial justice by allegedly voting against shareholder efforts for racial equity.
A report produced the US-based Service Employees International Union (SEIU) and Majority Action states that both BlackRock and Vanguard voted for boards with no black directors and voted against shareholder efforts for racial equity.
The report - ‘Equity in the Boardroom: How Asset Manager Voting Shaped Corporate Action on Racial Justice in 2020’ - reviewed 25 shareholder proposals related to racial justice issues and found that BlackRock supported only four and Vanguard only five.
BlackRock Frontiers Investment Trust NAV increased by 27.9% since financial year end 7:31 am
BlackRock Frontiers Investment Trust plc (LON:BRFI) has announced its annual results for the year ended 30 September 2020.
OVERVIEW AND PERFORMANCE
Performance record
The Company’s financial statements are presented in US Dollars. The Company’s shares are listed on the London Stock Exchange and quoted in UK Pounds Sterling. The Sterling amounts for performance returns shown below are presented for convenience. The difference in performance returns measured in US Dollars and UK Pounds Sterling reflects the movements in the exchange rate over the period.
126.85
2 (cents)
2 (pence)
93.30
4
5,6
6
4
4
5,6
6
4
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1 The change in net assets reflects shares issued/bought back in the year, dividends paid and market movements.