Report
Nest moves £3.5 billion in emerging-market equities to Wellington Management
An executive told Reuters the move away from index investing aims to better manage sustainability risks.
TLDR
Reuters reports that Nest, Britain’s largest workplace pension scheme, moved its entire £3.5 billion ($4.6 billion) in emerging-market equities to US active manager Wellington Management. An executive told Reuters the shift away from index investing was intended to better manage sustainability risks.
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