Investor sentiment remains bearish but is no longer at ‘apocalyptic’ levels, according to a global survey of fund managers.
Bank of America’s (BofA) monthly research, which in August polled the views of 250 investors with a collective $752 bn in assets, finds that expectations for inflation and rate shocks have lessened, although they are still major concerns.
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Norway’s $1.3 tn Government Pension Fund Global – the world’s largest sovereign wealth fund (SWF) – reported a record loss of 1.68 bn kroner ($174 bn), as its return on investment for the first half of 2022 was -14.4 percent.
Despite the record loss, the fund – widely dubbed the Norwegian oil fund – still beat its benchmark index by 1.14 percent, the equivalent of 156 bn kroner.
On average, the fund holds 1.3 percent of all the world’s listed co...
Historically, healthcare companies have been poor communicators when it comes to their institutional investors. That’s according to 68 percent of those covering the sector, surveyed by Edelman.
A further 61 percent believe that healthcare companies are actually unprepared to communicate effectively with their major investors. The findings are part of Edelman’s inaugural ...
Modern realities force boards to take new approaches to confront these three trending topics.
The complexities of today’s economic, social and environmental landscape place increasing expectations on boards to have plenty of expertise in carrying out their fiduci...
Sleep apnea medical tech firm Inspire Medical Systems has named Ezgi Yagci as its new vice president of IR.
Yagci joins the NYSE-listed company, which is focused on the ‘development and commercialization of innovative, minimally invasive solutions for patients with obstructive sleep apnea,’ from Zimmer Biomet, where she served as IR manager.
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Shareholder engagement is a priority for IROs. Engagement with key shareholders provides the opportunity to communicate with these investors about the company’s long-term strategy and to develop and maintain relationships with this important stakeholder group. The critical need for engagement has resulted from the lasting effects of the pandemic and the resulting economic issues, including inflation spikes and market volatility and the increased focus on ESG issues.
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A newly launched index, tracking off-trend earnings announcements from US firms, had a score of 144 for Q2 2022 – higher than the Q1 2020 reading of 133, when companies were ‘grappling with the beginning of the Covid-19 pandemic’.
Barry Star, Wall Str...
Clearway Capital, described by Insightia as ‘Europe’s first dedicated ESG activist fund,’ was thrust into the spotlight this year, with a successful campaign pushing for French energy company TotalEnergies to divest its Russian assets and end the import of oil and natural gas from Russia, following its invasion of Ukraine. Clearway warned that ...
– The Wall Street Journal (paywall) reported that BlackRock, the world’s largest money management company, is opening a satellite office in South Florida to accommodate a top executive and dozens of other employees, joining a ‘migration of financial firms’ to the state. Rick Rieder, BlackRock’s head of fixed incom...
Financial investment with ESG criteria has entered a first phase of maturity in which some preconceived ideas about this type of investment are beginning to be questioned. The revaluation of companies understood to be associated with ESG objectives was spectacular during 2020 and 2021 thanks to the rotation of money under management toward these companies. There was a feeling that investors could save the world.
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