- September 2021
- Climate Change
- Market Access
- Mutual Funds
- Exchange-traded Funds
- PRODUCTS & INITIATIVES
- GREATER CHINA
- PRIVATE EQUITY PANORAMA
- FUND MANAGER SURVEY 2021
- SWISS BANKING
- RENEWABLE ENERGY
- RISK MANAGEMENT
- C-SUITE EXCLUSIVE
- CLIMATE CHANGE
- FUND FLOW CHARTS
- SEARCH DIRECTORY
- ROAD WARRIOR (WORK FROM HOME EDITION)
- SEPTEMBER 2021 E-MAG
- HSBC Asset Management appoints Michael Cross as global fixed income CIO
- J.P. Morgan Asset Management names Andrew Creber as CEO for Australia and New Zealand
- State Street hires Taro Kuryuzawa from Deloitte as country head for Japan
- Schroders’ Asia Pacific co-head Chris Durack to leave firm, Susan Soh will be sole chief
Stepping up on ESG
This time last year when reporting on Asia Asset Management’s annual Fund Manager Survey, we were reflecting on the changes that Covid-19 had wrought on the way we work, live and invest, and how to navigate the ‘new normal’. A year on, remote working, digitalisation and use of technologies such as blockchain and artificial intelligence have not only become commonplace but are now key to how businesses need to operate. Adoption of technologies has accelerated at a pace almost unimaginable pre-pandemic.
In the words of Catherine Kress, adviser to the chairman of the BlackRock Investment Institute, the crisis “has put history on fast forward”.
Economically, the pandemic has not only compounded the pressures of global supply chains and rising nationalist sentiments around the world, it has also highlighted inequalities between the rich and the poor, and the emerging and developing markets and their developed counterparts. Add to this the ongoing geopolitical issues and an impending global climate catastrophe, and one might be forgiven for thinking that we are facing a point of no return.
But there is perhaps an argument that the battles against Covid-19 and climate change are ones that we, as humans, are facing as a species. The move towards digitalisation is not limited to the simple logistics of employees working from home and the Zoom culture that has become endemic in our society since the onset of the pandemic. One could also argue the possibility that it has spurred the movement of asset allocations away from industries and commodities that don’t comply with environmental, social and governance principles, such as oil and gas.
The findings from our 2021 Fund Manager Survey indicate greater commitment to incorporate ESG factors across asset classes. And the managers are also showing willingness and dedication to becoming more efficient and diligent stewards of their clients’ assets.
Whether this is the result of greater awareness of climate change on the part of investors, which in turn may be resulting in greater demand for sustainable investments, matters not. The important thing is that it is happening, and fund managers are finally starting to play more than a minor role.
As we gear up for the United Nations global climate summit in November, we should remember that despite our differences, we’re all in this together. And as we reported last year, the fact that some research suggests that companies with higher ESG scores are proving to be more resilient despite the pandemic is once again encouraging.
- Charging ahead
- Bracing for a bumpy ride
- Turning to retail
- Reshaping markets
- Insurance meets asset management
- Hong Kong’s MPF assets hit by worst investment loss in two years
- FTSE Russell launches new sustainable investment benchmarks for bonds
- Korea’s KBIZ opens tender for 260 billion won private equity mandate
- Japan’s GPIF equity investments hit as markets slammed
- Japan’s Chikyoren hires Asset Management One, Robeco for foreign equity mandates
- Malaysia’s PNB CEO Jalil Rasheed resigns
- Malaysia suspends some short selling as coronavirus batters markets
- Taiwan’s BLF plans $2.3 billion global climate change equities tender
- Analysis: What made Temasek can Keppel deal?
- Thai fund industry records 132.2 billion baht inflows, mostly into China, global equities
- Japan’s GPIF seeks legal firm to advise on alternatives
- China’s CIC puts greater emphasis on ESG
- Singapore fund management assets driven by alternatives in 2020, MAS says
- Hong Kong’s PCCW Solutions wins eMPF tender
- Hong Kong to let MPF invest in China sovereign, policy bank bonds