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.”
AUTHOR
Oksana Patron
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