Instos continue to fund fossil fuel expansionBY ROSE MARY PETRASS | MONDAY, 15 JUL 2024 3:20PMAs of May 2024, over 7,500 institutional investors hold US$4.3 trillion worth of bonds and shares in coal, oil, and gas companies, despite many committing to wind down financed emissions. Related News |
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Future Group finalises change of trusteeship
Future Group's Stewarda has taken over the trusteeship for its superannuation fund, Smart Future Trust, from Equity Trustees Superannuation Limited (ETSL), effective November 1.
Rest lifts MPower commitment to $250m
Rest has increased its investment in renewable energy and battery storage, committing a further $100 million to Wollemi Energy Group's MPower platform as superannuation funds continue to explore opportunities linked to the energy transition.
Perpetual's Trillium shutters two funds
Perpetual's Trillium Asset Management has terminated two sustainable funds that failed to reach their expected scale.
AllianceBernstein overhauls thematic equity team
AllianceBernstein has overhauled its global equity team focused on achieving environmental and social outcomes, appointing a new lead for the division and announcing the exit of two long-serving portfolio managers.
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