SSGA

Following its BNZ win in May, State Street Global Advisors (SSGA) has picked up the final large passive institutional mandate abandoned by Vanguard in New Zealand. According to new disclosure documents, ASB will shift its indexed Australasian equities portfolio – of an estimated NZ$4 billion plus – from current manager Vanguard to SSGA this month….

With climate change being increasingly recognised as a systemic risk, the investment community is becoming more focused on supporting the transition to a net-zero-emissions economy and establishing sound transition plans.   The announcement by Cbus Super is the most recent example. Last month, the $54 billion building and construction industry superfund launched a new Climate Change…