Neuberger Berman signs up to PRI
Neuberger Berman Group has joined the ranks of fund managers, signing up to the Principles for Responsible Investment (PRI).
Paul O'Halloran, senior vice president of Neuberger Berman's Australian business said the principles align with the company's philosophies and practices - research driven, long-term investing.
He said the firm's socially responsive fund has a long history built on environmental and social corporate governance (ESG).
"The Australian investment industry, as a collective, is a particularly strong supporter of the PRI initiative, and we believe it is important for Neuberger Berman to make this commitment," O'Halloran said.
The PRI were established in 2005 by institutional investors to recognise the potential impact of ESG on long-term investing. Signatories agree to follow and promote the acceptance of ESG in the industry.
The combined signatory firms manage over USD $30 trillion.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The structural shift towards active ETFs will reshape the asset management industry, according to McKinsey, and financial advisers will be a key group for managers to focus their distribution.
ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement.
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
