Pension funds and other institutional investors, as they’re called have no patriotic duty to invest in the UK, our stockmarkets or government. Their ‘duty’ is to get the best returns within risk parameters etc. for those they serve. And in most cases, as it does with a majority of the funds we recommend, that means a global spread, and sadly and predictably, we’re becoming a smaller and smaller part of that global spread. Despite the fact that we still have many global giants listed here; although that in itself can be a problem as the top 10 companies make up a huge proportion of its value and some are already talking about moving to the New York market. Then of course there’s the elephant, or perhaps giant sperm whale in the room. Brexit. On which those on the front line fairly and squarely put the blame, even if those in or hoping to be in power won’t do anything about or even acknowledge the problem. Hey ho.
“Asset managers ‘largely failing’ on ESG voting, research suggests”
If you own shares, you’ll know it’s pointless voting at shareholder meetings as it’s only the big fund managers who own big chunks of companies that can make things happen. It seems that, although they’re launching green funds left, right and centre and telling us...
