A large majority of the world's largest asset management companies are failing to address human rights issues such as slavery and controversial weapons through their investment processes, according to responsible investment charity ShareAction. ShareAction, based in the UK, found that almost half, or 47%, of asset managers, with combined AuM of $45trn, do not prohibit their fund managers from investing in weapons that cause excessive or indiscriminate harm. Furthermore, eight in ten, or 84%, do not stop their funds from purchasing sovereign bonds from countries under international san...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes