ESG Gaining Traction Among Pensions and Wealth Funds

factor investing growth

Environmental, social and governance (ESG) factors are increasingly being included in investment mandates. Asset managers are even integrating ESG factors into smart beta strategies. On July 14th, the New Zealand Superannuation Fund (NZSF) announced the appointment of Northern Trust’s international asset management arm to run a Barclays Global Aggregate fixed income mandate, incorporating NZSF’s ESG exclusions. The new mandate is being added to the four passive global equity mandates awarded by the New Zealand Guardians to Northern Trust in 2013.

“We are pleased to grow our existing partnership with Northern Trust. The appointment is consistent with our desire to have fewer, deeper manager relationships, helping us manage the Fund’s portfolio as efficiently as possible,” said Matt Whineray, chief investment officer of the NZSF in a press release.

Northern Trust is building out operations in Australia. The company built an asset management sales and relationship management presence in Melbourne. Northern Trust maintains a custodial relationship with the NZSF since 2007.

Asset Managers Take Watch

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