Wales Pension Partnership (WPP), the pooling entity for the eight Welsh Local Government Pension Scheme (LGPS) funds, has launched a Sustainable Global Active Equity sub-fund on its existing authorised contractual scheme platform.
According to the pension pool, all eight Welsh funds have participated in the new sub-fund, with £1.2bn committed on launch. It will be managed by Russell Investments and aims to help WPP’s constituent authorities fulfil their sustainable investment objectives.
The sustainable active equity strategy includes five specialists – Sparinvest, Mirova, Neuberger Berman, Wellington and Artemis – identified and assessed by Russell Investments’ proprietary research framework.
It also offers the flexibility to evolve as the WPP’s requirements change or as the sustainable landscape continues to develop.
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Link Fund Solutions, which was appointed by the WPP as its Financial Conduct Authority authorised operator in 2018, is responsible for the creation and operation of the new sub-fund.
Chris Weaver, WPP’s chair of the joint governance committee, said: “WPP’s long-term ambition is to demonstrate leadership on sustainability and responsible investing practices for and on behalf of the constituent authorities.
“This new sub-fund supports these ambitions in delivering both financial and broader sustainability benefits to the authorities and their underlying members.”
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