Green Dream with Schroders’ Monk part 2: Valuations in renewables have reset

In the final part of this Green Dream video interview, Natalie Kenway, editor in chief at MA Financial, speaks to Alex Monk, portfolio manager in the global energy transition team at Schroders, about achieving 1.5 degrees goal, the challenging market conditions and portfolio metrics. Watch the full video interview above and read the transcript below. Part 1 … Read more

Sustainable funds see further outflows in Q1

Sustainable funds across Asia continued to see outflows in first quarter of the year with almost $100m pulled by investors. According to Morningstar’s Global Sustainable Fund Flows: Q1 2023 in Review, looking at data excluding China, the Asia region $97m exit sustainable funds with thematic equity funds investing in secondary batteries and electric car manufacturers … Read more

Sustainable funds see $5.2bn outflows in Q1

Investors pulled $5.2bn from US sustainable funds in Q1, the third quarter of outflows in a year, according to Morningstar’s Global Sustainable Fund Flows: Q1 2023 in Review report. A total of $12.4bn has exited these funds over the past year amid challenging market conditions and growing anti-ESG rhetoric – Republican governors from at least … Read more

Sustainable finance regulation fails to capture nuances

“I just pick stocks”. Until recently, this was the typical response of a portfolio manager asked to describe their job. This no longer washes. Today, asset managers are expected to promote environmentalism and enhance social wellbeing. At least, this is a goal of the European Sustainable Finance Disclosure Regulation and the UK’s equivalent expected to … Read more

‘Strewn with ESG cowboys’: ESG APPG calls for joined-up UK government strategy

The All-Party Parliamentary Group (APPG) on ESG, the UK’s cross-party group dedicated to sustainable finance, is calling on the government to launch a unified ESG strategy or risk falling behind the EU, “wasting billions of pounds” and letting ‘ESG cowboys’ run amok.   The APPG, which was set up in 2021, said the government should … Read more

Singapore and Hong Kong to become Asia’s centres of sustainable finance

Finance hubs such as Hong Kong and Singapore are taking steps to become sustainable finance centres in the Asia Pacific region, according to a latest commentary from Moody’s. Sustainable Finance – Asia-Pacific: Focus on sustainable finance to provide credit benefits for regional hubs found Hong Kong will play a central role in bridging global capital … Read more

WisdomTree unveils Europe’s first California Carbon Allowances ETP

The fully collateralized WisdomTree California Carbon ETP (WCCA) is now listed on the London Stock Exchange, Borsa Italiana and Germany’s Börse Xetra, with a management expense ratio of 0.49%. The New York-based exchange-traded fund provider’s newest exchange-traded product allows European investors to bet on the success of California’s carbon credit system.  California’s Air Resources Board … Read more