The Mohammed VI Fund for Investment (FM6I) has signed the Principles for Responsible Investment (PRI) Declaration, demonstrating its commitment to promoting responsible and sustainable investment practices. FM6I is the first signatory in the 'Asset Owner' category in Morocco. The PRI represents over $1.3 trillion in assets from over 500 signatories worldwide [2b6ca4ea].
The PRI is a set of principles designed to guide investors in integrating environmental, social, and governance (ESG) considerations into their analysis, investment decisions, shareholder practices, and reporting processes. FM6I's adherence to the PRI aligns with its ESG strategy, which aims to support sustainable growth and the energy transition of the companies it invests in. FM6I Managing Director Mohamed Benchaaboun emphasized the importance of considering ESG issues for generating long-term returns and making a positive contribution to society and the environment. PRI CEO David Atkin welcomed FM6I as a new signatory and highlighted the significance of responsible investment for sovereign wealth funds [2b6ca4ea].
Transparency and predictability are key to impactful responsible investing, according to Yngve Slyngstad, former CEO of Norges Bank Investment Management (NBIM). He transformed the Government Pension Fund Global into the largest sovereign wealth fund globally, advocating for long-term investing, diversification, active ownership, and transparency. Wilhelm Mohn, the global head of governance at Norges Bank, emphasizes the importance of accountability and stability in responsible investing to safeguard assets for future generations. The fund publishes its voting decisions in advance, divests from high-risk or poorly managed companies, and focuses on topics such as net zero emissions, anti-corruption, and human rights. The CEO of Singapore's sovereign wealth fund, GIC, highlights the role of long-term capital in supporting sustainable success, enabling companies to meet net-zero goals and accelerate the clean energy transition. Benoit Laclau, a leader at EY, prioritizes people and believes that motivated employees deliver excellent results. EY aims to provide quality services and insights to foster trust and confidence in the global capital markets. Bill Hughes, Head of Real Assets at Legal & General Investment Management, discusses the shift from passive rent collection to active impact investing, emphasizing the importance of considering environmental, social, and governance (ESG) factors in investment decisions. Norway's Government Pension Fund Global, managed by Norges Bank Investment Management, is considering investing in private equity funds and co-investments. The fund plans to build expertise in co-investing alongside private equity funds and will gradually build a portfolio of co-investments to ensure diversification. The fund expects a start-up phase followed by a growth phase and a management phase, with a portfolio of the desired size taking about a decade to build. The fund will primarily invest in mid-sized and large buyout funds and will focus on developed markets in Europe and North America. The investment strategy will be detailed and will include a return target [5e20cb70].
National Pension System (NPS) subscribers in the 'All Citizen Model' and 'Corporate Model' categories can now choose their preferred fund managers for equity, corporate debt, and gilts. This new facility allows investors to evaluate the past fund returns of various fund managers across asset classes and select the one best suited for them. The CEO of Tata Pension Management, Kurian Jose, welcomes this step and advises investors to consider the fund house credentials, pedigree, investment philosophy, and potential to generate stable and consistent returns over a long period when choosing fund managers [abf09702].
The article discusses the importance of proper nomination in financial investments. Nomination is the process of instructing a financial entity to give the money to a specified person or persons when the investor dies. The article highlights the challenges faced in the nomination process, such as limited space for nominee details and complex documentation. The writer praises the Association of Mutual Funds of India (AMFI) for providing simple and lucid nomination documents. The article concludes by mentioning that online nominations will be discussed in the next installment [6f5e042c].