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What’s New In Investments, Funds? – Schroders Capital, State Street Global Advisors

Editorial Staff 9 February 2024

What’s New In Investments, Funds? – Schroders Capital, State Street Global Advisors

The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Schroders Capital
Schroders Greencoat, the specialist renewables and energy transition infrastructure manager of Schroders Capital, has launched Schroders Greencoat Global Renewables+ Long-Term Asset Fund (LTAF).

This is the UK’s first LTAF focused on renewable energy and energy transition infrastructure; it offers an opportunity for UK pension savers to invest in the asset class, the firm said in a statement.

The new fund will target infrastructure supporting the energy transition across the UK, US, and Europe, providing access to long-term investments in private markets. It will deploy capital across wind and solar assets, as well as a range of energy transition assets including hydrogen, heating and storage, the firm continued.

LTAFs are regulated, open-ended investment vehicles designed to enable a broader range of investors, with longer-term horizons, to invest in illiquid and private markets. The Schroders Greencoat Global Renewables+ LTAF builds on the UK’s first LTAF, the Schroders Capital Climate+ Long-Term Asset Fund (LTAF) – launched last year.

State Street Global Advisors
State Street Global Advisors, the asset management arm of State Street Corporation, has just announced the launch of the State Street Emerging Markets ESG Hard Currency Government Bond Index Fund, an Article 8 fund under the EU's Sustainable Finance Disclosure Regulation (SFDR), investing in US denominated emerging market government bonds.

The fund tracks the performance of the JP Morgan ESG EMBI Global Diversified Index, which applies an ESG scoring and screening methodology to tilt toward issuers ranked higher on ESG criteria and green bond issues, and to underweight and remove issuers that rank lower. It is denominated in dollars and domiciled in Luxembourg, the firm said in a statement. The fund was seeded with an initial investment of about $50 million. It complements State Street Global Advisors’ line up of emerging market debt funds, which includes hard and local currency sovereign funds, with both Article 6 and Article 8 designation. The firm focuses on indexed emerging market debt strategies, with more than $40 billion of dedicated assets under management.

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