UK pension master trust the People’s Pension has awarded two mandates totaling GBP28 billion ($47.57 billion) to Amundi and Invesco, citing their sustainability and responsible investment credentials. 

The People’s Pension has awarded GBP20 billion of assets to Amundi to passively invest in developed market equities, while Invesco will take over GBP8 billion in active fixed income investments, according to a statement Thursday.

The mandates were previously overseen by State Street, which is among several Wall Street giants that have quit the Climate Action 100+ coalition that pushes companies to reduce carbon emissions.  

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook