The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Schroders Capital
Schroders Greencoat, the specialist renewables and energy
transition infrastructure manager of Schroders Capital,
has launched Schroders Greencoat Global Renewables+
Long-Term Asset Fund (LTAF).
This is the UK’s first LTAF focused on renewable energy and
energy transition infrastructure; it offers an opportunity for UK
pension savers to invest in the asset class, the firm said in a
statement.
The new fund will target infrastructure supporting the energy
transition across the UK, US, and Europe, providing access to
long-term investments in private markets. It will deploy capital
across wind and solar assets, as well as a range of energy
transition assets including hydrogen, heating and storage, the
firm continued.
LTAFs are regulated, open-ended investment vehicles designed to
enable a broader range of investors, with longer-term horizons,
to invest in illiquid and private markets. The Schroders
Greencoat Global Renewables+ LTAF builds on the UK’s first LTAF,
the Schroders Capital Climate+ Long-Term Asset Fund (LTAF) –
launched last year.
State Street Global Advisors
State
Street Global Advisors, the asset management arm
of State Street Corporation, has just announced
the launch of the State Street Emerging Markets
ESG Hard Currency Government Bond Index Fund, an Article 8 fund
under the EU”s Sustainable Finance Disclosure Regulation (SFDR),
investing in US denominated emerging market government bonds.
The fund tracks the performance of the JP Morgan ESG EMBI Global
Diversified Index, which applies an ESG scoring and screening
methodology to tilt toward issuers ranked higher on ESG criteria
and green bond issues, and to underweight and remove issuers that
rank lower. It is denominated in dollars and domiciled in
Luxembourg, the firm said in a statement. The fund was seeded
with an initial investment of about $50 million. It
complements State Street Global Advisors’ line up
of emerging market debt funds, which includes hard and local
currency sovereign funds, with both Article 6 and Article 8
designation. The firm focuses on indexed emerging market
debt strategies, with more than $40 billion of dedicated assets
under management.
