AXA Investment Managers is changing the name of its £453.8m Global Distribution fund to Global Sustainable Distribution and will realign the fund’s equity holdings to reflect an ESG-focused approach, the group has confirmed to Investment Week.
"Today, we believe companies that address key sustainability-related risks, and focus on improving their sustainability practices on key ESG issues, should deliver higher financial returns than the broader market over the long-term," a spokesperson said. "Likewise, sovereign debt issuers with high ESG scores will benefit in terms of their ongoing ability to issue. The name, investment objective and policy of the fund will change, but the fund's core investment philosophy will remain unaltered." The fund, which is run by David Shaw and Jamie Forbes Wilson who came to the helm in April ...
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