BlackRock, State Street, and Vanguard block action on deforestation in shareholder votes, finds Friends of the Earth 2020/09/21 08:14:32 InstitutionAlassetManager
BlackRock, State Street, and Vanguard block action on deforestation in shareholder votes, finds Friends of the Earth Submitted By Madeleine Taylor | 21/09/2020 - 9:14am The world’s three largest asset managers, BlackRock, Vanguard, and State Street, have either voted against or abstained from voting on all efforts to halt deforestation by shareholders of consumer brands and agribusiness companies since 2012, a new report from environmental advocacy group Friends of the Earth finds. The ‘Big Three’ asset managers own a total of USD10.6 billion in bonds and shares of suppliers and traders in the commodities that drive deforestation, including soy, palm oil, cattle, and paper, according to the report ‘Doubling Down on Deforestation’. These firms supply to consumer goods companies, in which the trio hold another USD698 billion in bonds and shares. Deforestation continues to accelerate, with an area of global tree cover the size of the United Kingdom cleared every year between 2014 and 2018, resulting in carbon emissions equal to the yearly emissions from the European Union.
BlackRock, other asset managers enabling deforestation, says Friends of the Earth 2020/09/19 01:10:03 South Africa Today
A new report released by Friends of the Earth says that the “big three” asset managers — BlackRock, Vanguard and State Street — are enabling destruction of the world’s rainforests. The three firms have voted against corporate shareholder resolutions to report on or prevent deforestation a total of 16 times. Their portfolios include $700 billion […] The post BlackRock, other asset managers enabling deforestation, says Friends of the Earth appeared first on South Africa Today .
State Street declares $0.52 dividend (NYSE:STT) 2020/09/17 20:33:23 Seeking Alpha
State Street (NYSE:STT) declares $0.52/share quarterly dividend, in line with previous. Forward yield 3.34% Payable Oct. 15; for shareholders of record Oct
James Day swaps BNY Mellon for State Street 2020/09/16 15:39:10 SecuritiesLendingTimes
James Day, former managing director and head of securities finance for Europe, Middle East and Africa at BNY Mellon is set to join State Street
SJP to launch funds for decumulation 2020/09/16 14:31:56 Money Marketing
St James’s Place will launch a new fund range intended for clients in decumulation. The funds, which will be managed by State Street Global Advisors, will only be available through the St James’s Place partnership. The three funds will target three different risk profiles, with Prudence InRetirement, Balance InRetirement and Growth InRetirement all to be […] The post SJP to launch funds for decumulation appeared first on Money Marketing .
ETF becomes one of the world’s biggest gold owners 2020/08/06 09:12:00 Capital Com
The ETF is a partnership between State Street, a big Boston bank, and the World Gold Council and has posted a 33 per cent return this year Read More…
Putting Sectors to Work in Uncertain Markets 2020/08/05 21:29:55 ETF Trends
COVID-19 and uncertain markets have upended trends and made picking winners and losers particularly daunting — even for sophisticated investors who have long considered sector rotation and trend following a go-to technique. In the upcoming webcast, Putting Sectors to Work in Uncertain Markets, Matthew Bartolini, Head of SPDR Americas Research, State Street Global Advisors; Robert […] The post Putting Sectors to Work in Uncertain Markets appeared first on ETF Trends .
State Street Chosen as Provider for T. Rowe Price Active ETFs 2020/08/05 16:15:00 Business Wire
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has been appointed the ETF service provider for four T. Rowe Price active exchange-traded funds (ETFs), which launched today. The funds, which are listed on NYSE Arca, Inc., include T. Rowe Price Blue Chip Growth ETF (ticker symbol: TCHP), T. Rowe Price Dividend Growth ETF (ticker symbol: TDVG), T. Rowe Price Equity Income ETF (ticker symbol: TEQI), and T. Rowe Price Growth Stock ETF (ticker symbol: TGRW). For
Tectonic shift in UK stock market ownership as US asset management giants unleash low-cost passive investing boom 2020/08/04 16:15:14 InstitutionAlassetManager
Tectonic shift in UK stock market ownership as US asset management giants unleash low-cost passive investing boom Submitted By Madeleine Taylor | 04/08/2020 - 5:15pm Over a third of all shares on the UK’s FTSE 100 and 250 indices are now owned by North American asset managers, as the popularity of low-cost passive index funds and ETFs has surged. Data from Orient Capital reveals that 35.9 per cent of shares in the UK’s biggest companies belong to funds and trusts operated by North American companies. According to Jason Black, chief operating officer at Orient Capital, the “tectonic plates are shifting beneath us and ownership of the UK market is being pulled across the Atlantic”. Two US asset management firms, Vanguard and BlackRock, account for over 10 per cent of the UK index on their own. This is almost equivalent to the portion owned by European institutions, which stands at 11 per cent. “Our data shows significant change in ownership of the UK’s biggest listed companies predominantly due to the growth of passive investing driven by the Big Three North American asset management houses – BlackRock, Vanguard and State Street, who together manage more than USD17 trillion in assets.” Passive index funds that offer investors access to the whole market at low cost, has soared, with these types of vehicles doubling their share of ownership from 8 per cent to 16 per cent in the last decade. “It’s no coincidence that passive funds have doubled their holdings in the FTSE 100 and 250 as well; clearly a few North American fund houses have unleashed a demand for low-cost, long-term investment here in the last decade.