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.

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

London Stock Exchange Group welcomes The Future Investment Initiative Institute, celebrating the launch of the FII regional summit “Inclusive ESG for Emerging Markets”

The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive and committed to ESG principles, the FII Institute fosters great minds from around the world and turn ideas into real-world solutions in four critical areas: AI and Robotics, Education, Healthcare and Sustainability. The FII Institute

Learn more
European Assets Trust PLC celebrates 50 years.

This year, European Assets Trust PLC celebrates its fiftieth anniversary since launch in May 1972. The Company was created in 1972 following the acquisition of a Dutch investment company ‘Mijbeb NV’ by a consortium of United Kingdom institutional investors and the appointment of a predecessor of BMO Investment Business Limited as its Manager.

Initially the Company was listed solely on

Learn more
London Stock Exchange welcomes Grayscale and HANetf Celebrating the launch of Grayscale Future of Finance UCITS ETF

Grayscale Investments®, the world’s largest digital currency asset manager, today announced its first European ETF, Grayscale Future of Finance UCITS ETF (ticker: GFOF), that has listed on the London Stock Exchange (LSE) and will also be passported for sale across Europe.  

GFOF tracks the investment performance of the Bloomberg Grayscale Future of Finance Index and seeks to offe

Learn more
London Stock Exchange Group welcomes His Worship The Mayor of Islington, Cllr Troy Gallagher, and his chosen charities

His Worship The Mayor of Islington, Cllr Troy Gallagher opened the market in celebration of his year in office. Throughout the year, the Mayor has supported three chosen charities - ICAP, forum+ and James Place – helping to raise funds and build awareness of their work. Cllr Gallagher is the first Mayor of Islington from the Republic of Ireland and has represented the Bunhill ward as a councill

Learn more