Passive investing

Europe's largest manager reports up to $35bn switch amid performance and tracking error concerns.

US firm also solicited feedback on proposed nuclear weapons changes for climate action index family. 

Lawmakers vote down attempt to prevent changes to PAB and CTB exclusions that narrow definition to prohibited weapon types.

Option to direct voting is increasingly being offered by passive fund managers in US and Europe.

Solactive to launch new exclusions-based series as other providers ditch ESG terms or apply exclusions ahead of May deadline.

It comes as part of a broader GFANZ pivot to mobilising transition capital for emerging markets.

Will EU climate benchmarks continue to dominate the market for decarbonisation strategies as new ideas emerge?

It follows other regulatory initiatives in the EU and UK.

The latest developments in sustainable finance: NBIM and PRI say no additional accounting rules needed for climate disclosure; CFA Institute publishes net-zero aligned portfolio framework.

University of Cambridge research finds a third of asset owners face barriers finding products, with tracking error concerns a major obstacle.