Eq: Tech

Russia’s finance ministry is proposing the nations $191 billion dollar wealth fund adopt environmental, social, and governance principles in their investment selection. While this puts him inline with the Russian central bank, Russia’s Economic Minister, and the rest of the globe he might face opposition from Putin. ESG buys wouldn’t be adopted until 2024 at the earliest and would work towards the country’s 2060 goals of being carbon neutral, but currently Russia is far from those objectives. They are the world’s 4th largest greenhouse gas producer and Putin sees their energy production as key to their global powers.

FINSUM: Russia is planning to ramp up its oil and gas production in the face of the global shortage, so don’t expect them to jump all in on ESG too quickly.

Over our 30-year history, Westfield has relied on our culture of introspection as we seek to optimize our approach to investing client funds in an ever-changing investment landscape...see the full story on our partner's site

A new study for BlackRock shows exactly how active funds have an edge moving forward in the transition to net-zero emissions. Active investors’ advantage over traditional investors comes by incorporating sustainable insights, identifying climate-related financial catalysts, and seeking investment in emerging tech. Rich Kushel, Senior Managing Director at BlackRock says their strategies can identify companies and data points that generate a higher alpha. BlackRock is putting their money where their mouth is by launching an array of new active ESG funds across bond and equity markets targeting value or growth in different capitalization categories. In total, there will be nine new funds with ESG objectives.

FINSUM: The traditional rules of investment haven’t applied to ESG and technology, so a new set of analytical insights and active management may outperform traditional analysis.

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