Canada, Europe Lead List of Most Responsible Asset Allocators

Read Original Article
Photo: Shutterstock
Media Outlet: The Chief Investment Officer

The Bretton Woods II Leaders List was featured in an article by the Chief Investment Officer:

The recently released Bretton Woods II Leaders list of the 25 “most responsible” asset allocators was culled from among hundreds of sovereign wealth funds (SWFs) and government pension funds (GPFs) representing more than $20 trillion in assets under management. The top funds were chosen for their “high conviction in responsible investing,” and their belief that “ESG is material to long-term returns,” according to New America.
The group was then screened for availability of information, minimum size of assets, and investment activity, which resulted in a final list of 121 SWFs and GPFs, comprising $15 trillion in assets. Each of the 121 asset allocators was rated by two to three independent expert reviewers, until the list was whittled down to the 25 highest-scoring SWFs and GPFs.
Although Canada had the highest representation, claiming six out the top 25 funds, and another nine were from Europe, the leaders list was rather diversified, and included funds from Brazil, South Korea, and South Africa. New America said one main characteristic of the leaders is that they “are constantly looking for ways to improve and deepen their responsible investing programs and they are committed to learning from peers and sharing their insights.”
The leaders include 18 GPFs and seven SWFs with a total of $4.95 trillion in combined assets, and individual funds ranging from $10 billion to $1 trillion in assets. According to New America, the combined asset base of the group is larger than the GDP of every country in the world except the US and China.