WPP launches new sustainable global active equity sub fund

The Wales Pension Partnership (WPP) has launched a sustainable global active equity sub-fund on its existing platform. The new sub-fund has launched with £1.2 billion, with participation from all eight Welsh funds, with Russell Investments managing a diversified multi-manager sustainable active equity solution built to WPP’s bespoke requirements.

This solution includes five highly rated specialists – Sparinvest, Mirova, Neuberger Berman, Wellington and Artemis. It also offers flexibility to evolve as WPP’s requirements change, or as the sustainable landscape continues to develop, making use of Russell’s enhanced portfolio implementation which includes infrastructure that enables customised and efficient changes to the sub-fund with a centralised portfolio management process.

Link Fund Solutions was appointed by the WPP as its FCA authorised operator in 2018 and is responsible for the creation and operation of the new sub-fund.

Commenting on the launch, Councillor Chris Weaver, chair of the joint governance committee of WPP, said: “WPP’s long-term ambition is to demonstrate leadership on sustainability and responsible investing practices for and on behalf of the constituent authorities.

“This new sub-fund supports these ambitions in delivering both financial and broader sustainability benefits to the authorities, and their underlying members.”

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