All Português articles
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Reports/Guides
Fiduciary duty in the 21st century: Brazil roadmap
As a step towards implementing Fiduciary duty in the 21st century ’s recommendations, the Brazil roadmap makes recommendations in five categories: regulatory action, investor education, corporate reporting, stewardship and engagement and industry guidance.
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Reports/Guides
ESG integration in fundamental strategies
When integrating ESG factors into investment analysis, they are examined alongside other valuation drivers. It has been more common to process ESG factors through qualitative analysis, but investors are increasingly also quantifying and integrating ESG factors into financial forecasting and company valuation models, in alignment with other financial factors.
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Reports/Guides
ESG integration in quantitative strategies
ESG integration has historically only been associated with fundamental strategies, but this perception is slowly changing as several quant managers are now integrating ESG factors into their valuation models and investment decisions.
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Reports/Guides
The impact of ESG integration on the investment process
Fully integrating ESG factors into a new or existing investment process takes time and often requires trial and error. Many variables are involved and approaches differ between organisation and even between teams.
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Reports/Guides
Monitoring managers' ESG integration
To review investment performance and managers’ integration practices, asset owners: organise periodic monitoring meetings with investment managers; ask them to complete questionnaires/regularly report; and/or use methods such as peer analysis, internal scoring systems and portfolio analytic tools.
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Reports/GuidesESG integration techniques for equity investing
ESG factors can be integrated throughout a listed equity portfolio, right across the active-to-passive spectrum.
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Reports/Guides
A practical guide to ESG integration for equity investing
To guide investors – both asset owners and investment managers – who are implementing ESG integration techniques in their investment decisions and processes, this report is the most comprehensive description to date of what ESG-integrated analysis is, and how it works in practice.
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Reports/Guides
ESG integration in sell-side equities research
Sell-side brokers integrate ESG information with traditional financial information – by leveraging their financial information systems, their access to company management, and the expertise of mainstream, sector-focused investment analysts – to improve research.
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Reports/Guides
ESG integration in passive and enhanced passive strategies
Some investors believe that as a manager cannot make active investment decisions in passive strategies, ESG factors cannot be integrated in passive investments as this may cause performance to deviate from the benchmark’s. Passive strategies can incorporate ESG factors, however.
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Reports/Guides
Considering ESG integration in manager selection
Selecting an investment manager that can act in accordance with an asset owner’s investment preferences requires thorough due diligence of the manager’s investment approach and performance, investment process, stock selection and portfolio construction decisions.
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Reports/Guides
ESG integration in smart beta strategies
In smart beta strategies, ESG factors and scores can be used as a weight in portfolio construction to create excess risk-adjusted returns, reduce downside risk and/or enhance portfolios’ ESG risk profile.
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Reports/Guides
Assessing external managers' approach to ESG integration
To integrate ESG considerations into their externally managed assets, asset owners (or their investment consultants) will assess external managers’ integration practices.
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Reports/Guides
Considering ESG integration in manager appointment
Once the most eligible asset manager is selected, asset owners can include ESG terms in the investment management agreement (IMA) to formalise their expectations.
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Reports/Guides
What is fiduciary duty and why is it important?
Fiduciary duties are imposed upon a person or an organisation who exercises some discretionary power in the interests of another person in circumstances that give rise to a relationship of trust and confidence.
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Reports/Guides
The changing landscape of fiduciary duty
Fiduciary duty is not the obstacle to incorporating ESG issues into investment processes that it is commonly assumed to be, although fiduciary duty is often presented as an excuse for not taking action.
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Reports/Guides
Fiduciary duty in the 21st century
Failing to consider long-term investment value drivers – which include environmental, social and governance issues – in investment practice is a failure of fiduciary duty.
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Reports/Guides
Fiduciary duty in the 21st century: global recommendations
Though there are variations between countries – reflecting national priorities, the current development of responsible investment in the country in question and prevailing legal requirements – our research suggests areas in which progress is needed globally.
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Reports/Guides
Fiduciary duty in the 21st century: Australia
Drivers for action, barriers to progress and recommendations for institutional investors, intermediaries and policymakers.
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Reports/Guides
Fiduciary duty in the 21st century: Brazil
Drivers for action, barriers to progress and recommendations for institutional investors, intermediaries and policymakers.
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Reports/Guides
Fiduciary duty in the 21st century: Canada
Drivers for action, barriers to progress and recommendations for institutional investors, intermediaries and policymakers.
