State Street adds ESG screen to £21bn of AUM

UK domiciled equity and debt index funds

State Street Global Advisors is adding an ESG screen to £20.8bn of its assets in response to growing demand from investors.

The screen will target controversial companies in violation of the UN Global Compact principles, meaning holdings such as weapons manufacturers will be eliminated. This is being brought in for State Street's UK-domiciled equity and fixed income index funds. ESG screening has already been in place on some of State Street's funds but this scope is being widened to capitalise on greater demand from investors for responsible investment. IW/SSGA Roundtable: Where next for ESG investing in 2021 and beyond? "These new screens reflect the appetite for exclusionary principles from our cl...