London Stock Exchange Group welcomes Mersey Pension Fund celebrating the launch of the All World Equity Climate Balanced Multi-Factor Index Sub-Fund

Mersey Pension Fund (MPF), the fifth largest fund in the UK’s Local Government Pension Scheme, are pleased to announce the launch of the All World Equity Climate Balanced Multi-Factor Index Sub-Fund, which will have an initial seeding of £400 million and we have allocated one-third of Merseyside’s passive equities portfolio (the £400m) into the new fund, but not one-third of total AUM.

In November 2018, MPF announced that it had selected a Smart Sustainability Index from FTSE Russell, FTSE All-World Climate Balanced Comprehensive Factor Index, to support the implementation of its Climate Risk Strategy within the Fund’s listed equity portfolio. The fund is being managed on behalf of MPF by State Street Global Advisors (SSgA). The objective of MPF’s climate strategy is to align its Responsible Investment policy and activities with the goals of the 2015 Paris Agreement. As part of this, the Fund has considered options for capturing both the risks and opportunities arising from climate change.

MPF provides pensions for local government employees in the Liverpool city region. The Fund’s responsible investment policy has three components: voting; engagement with companies on environmental, social and governance (ESG) issues; and collaboration with likeminded investors. In recent years, MPF has worked actively with other local government pension schemes, UK banks and policymakers to determine what the investment needs of are. 

https://www.merseysidepensionfund.org.uk/

Owen Thorne, Investment Manager, Merseyside Pension Fund: 
"We are pleased to have worked with FTSE Russell to produce a low carbon index solution that provides us with an investable, risk-efficient means of achieving our decarbonisation goals."

Looking for new and recent issues?

More recent

108.44
London Stock Exchange welcomes the Rt Hon John Glen, Economic Secretary to the Treasury, celebrating HM Treasury UK Sovereign Sukuk

The UK Government today celebrated the listing of its second sovereign Sukuk on London Stock Exchange. The 5-year offering was for £500 million, more than double the size of the UK Government’s debut issuance and the largest sterling Sukuk issuance to date. The UK’s second Sukuk saw strong investor participation, with demand from a diverse group of high-quality institutional investors from the

Learn more
97.84
London Stock Exchange welcomes Cornerstone FS plc to AIM

The Ordinary Shares of Cornerstone FS plc were admitted to trading at 8.00am on Tuesday 6 April 2021, under the stock market ticker CSFS. The placing price was 61p per share, resulting in a market capitalisation of £12.4 million.

Cornerstone FS plc, is a cloud-based provider of international payment, currency risk management and electronic account services to SMEs. Its strategy is to

Learn more
133.2
London Stock Exchange welcomes Deliveroo Holdings plc to the Main Market

Today, the online food delivery platform Deliveroo has made a significant step in the execution of its ambitious growth plans as it begins trading on the Main Market of London Stock Exchange, having raised net proceeds of around £1.5bn. Deliveroo’s admission is the biggest in London since 2011 and the largest UK technology listing of all time.

Founded in 2013 by Will Shu, Deliver

Learn more
77.64
London Stock Exchange welcomes Digital 9 Infrastructure plc to the Specialist Fund Segment of the Main Market

London Stock Exchange welcomed Digital 9 Infrastructure plc to the Specialist Fund Segment of the Main Market today, after it raised gross proceeds of £300 million in its Initial Public Offering.

Digital 9 Infrastructure plc (DGI9) is a newly established, externally managed investment trust. It will invest in a range of digital infrastructure assets which deliver a reliable, functioni

Learn more