GMI awards equity mandate to JP Morgan AM
Gareth Morgan Investments (GMI) has awarded a global equity mandate to JP Morgan Asset Management (JPMAM) by investing in its Global Research Enhanced Index Equity (REI) Strategy, which includes environmental, social and governance (ESG) integration as part of its investment process.
According to the company, the strategy was designed to provide market exposure with a similar risk profile to the benchmark MSCI ACWI while tapping into active stock selection insights and would give more weight in the portfolio to companies with stronger return potential and more attractive valuations.
JPMAM’s head of REI strategy, Elisa Grassi, said: “The characteristics of our REI strategy, including the ability to be sector, style and region neutral, while still maintaining a portfolio construction, volatility level and risk profile in alignment with the benchmark, enable ESG integration at every level of the investment via our bottom-up analyst process.”
GMI’s chief investment officer, Simon O’Grady, added: “What impressed us was their ability to draw on global experiences, provide feedback on our thinking, insights on how global peers have addressed similar issues and also guide us on what a practical solution would look like.
“Their team-based approach, care and attention to detail, combined with a comprehensive risk and controls framework gave us comfort throughout the process.”
Recommended for you
As ASIC chair Joe Longo pushes firms to prepare for the upcoming mandatory climate disclosure regime, what skills are necessary if firms are looking to expand their ESG teams?
First Sentier Investors has announced it will close four of its Australian investment teams amid a simplification of the business, with $14 billion expected to be returned to investors.
Over 90 finalists have been chosen to compete at the 36th annual Fund Manager of the Year Awards, to be held in Sydney on 13 June.
Clients may be asking their adviser whether there is still value in the US technology names after their rally, but Fidelity International’s Lukasz de Pourbaix believes they can still offer upside.
