Amplify Issue 6: 200 funds get ESG re-label

by Will Robins | Jul 28, 2022 | Newsletters

Discover which funds got an ESG makeover in the first half, and what labels have been chosen by asset managers around the world. Elite manager David Eiswert, T Rowe Price, explains why he avoids stocks others in our list are backing. And Allspring’s diversity leaders set out their mission.

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Amplify Issue 29: Red hot: 2022’s private market hiring spree

2022 has been a hot year for private markets, but are asset managers putting the brakes on their expansion efforts? Plus, we look at how the bear market has affected launches this year and look at how firms can better communicate their brand values.

Amplify Issue 28: Fill your ESG product gaps

We hear from fund buyers on what they’re looking for from an ESG fund, find out what Neuberger Berman is plotting in the alts world, and learn the winners of Citywire’s Gender Diversity Awards.

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Citywire Amplify - asset management uncovered

Can a fund be too sustainable to be ESG? The answer appears to be yes. Citywire Amplify research has found more than 200 funds added or swapped ESG-adjacent labels in the first half of 2022. With regulators paying more attention to labels’ correlation with reality, it’s fascinating to see which group is picking which names.

Private markets funds offer an alternative way to invest in sustainability. This issue focuses on two energy transition launches. Keeping global temperatures under control will be on many people’s minds this week.

Hot on the heels of US selector diversity pledges, Amplify speaks to the two leaders of Allspring’s new diversity unit. They explain their radical vision for change.

It’s analyst versus entrepreneur with this issue’s two featured fund managers.

T Rowe’s David Eiswert is one of Citywire’s equities elite, and never thinks too long term to make money, while in the UK we speak to Richard Pease and look back on the fund firm founder’s colourful career.

Does your firm own distribution? Citywire gathered UK wealth CEOs to discuss the merits of asset manager ownership. And talking of distribution, don’t miss our latest roundup of sales moves from around the world.

Will Robins

HAVE YOUR SAY

Buying wealth management firms to control distribution is…

INDUSTRY RESEARCH
Too responsible to be ‘sustainable’: A guide to ESG fund name changes

Regulators and other bodies are asking whether ESG funds live up to their labels. Citywire Amplify discovers 200 funds adopting ESG-type names, such as ‘sustainable’ and ‘impact’, with some even switching between the two. Why?

MEET THE ELITE
David Eiswert: The contrarian who is comfortable being uncomfortable

Are you sitting uncomfortably? Then I’ll begin. The T Rowe Price manager and member of our equities elite is not shy of buying opportunities or selling popular stocks. From the US, Eiswert discusses puppies, Peloton and boiled frogs.

DIVERSITY

DIVERSITY
‘It’s only right that clients ask’: Allspring’s ambitious diversity unit

Ann Miletti and Sonya Rorie have answered the call to head up Allspring’s diversity effort. Both have trodden a winding road to get into, and stay, in asset management. Now they want to smooth the path for others.

PRIVATE ASSETS
Mission transition as AMs battle private equity in clean energy

BlackRock has launched a fund to invest in the global energy transition, a domain where private market specialists are already advancing. Amplify also reveals a, perhaps timely, solar-power-themed launch from a German firm.

CEO TAPES
Buying distribution: The new frontier for asset managers

Fund managers buying wealth managers or advisers needs to be done for the right reasons otherwise it will fail, according to participants at Citywire’s Wealth CEO Summit 2022.

SALES MOVES
T Rowe makes Asia Adviser push: more moves from around the world

Instos and new markets are the focus of sales hires this month – discover the latest moves here. Claude Ewen joins Liontrust as international sales director for a push into Europe.

A life in fund management: Richard Pease

Crux’s Richard Pease has seen plenty of change in his time as a fund manager, and has been at the business end of start-up fund firms.

He gives his assessment of current markets as we look back on his eventful and sometimes colourful career.

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