European Investors

RIワールドアップデート・ウェビナーは、主要国際会議などで討議されたキーポイントをデスクトップに直接お届けするセミナー形式のオンラインコンテンツです。コンテンツは全て日本語でお送りし、世界の責任投資、ESG、サステナブルファイナンスとサステナブル資本市場の展開について、知識を深めるお手伝いをします。



1月21日火曜日 日本時間18:00 (30分)

2019年は気候変動への危機感の高まりを示す、大規模な市民アクションが盛り上がった一方、年末のCOP25では足並みの揃わない国際情勢も印象づけられました。OECD事務次長河野正道氏をお迎えし、Responsible Investor への寄稿記事を元に、環境・サステナブルファイナンスの政策環境のこれまでと2020年に予見される発展についてお伺いします。



スピーカー：
OECD 事務次長 河野正道氏

BPI Alternative Fund is a long/short equity fund that invests in listed Portuguese and Spanish shares or equity linked instruments.

Join us for our quarter-end strategy update webcast. Engage with portfolio managers to learn about what drove fourth-quarter performance, the portfolio manager's outlook, and current portfolio positioning.

The UK Equity Income sector has been the foundation of many UK investor portfolios for many years and has hosted a number of our most celebrated fund managers.

However, the traditional approach to generating income from a UK equity portfolio has increasingly come under threat with a number of the large income-generating sectors becoming ex-growth.

Too often UK income investors find themselves reliant on a small number of high yielding businesses whose best days are behind them and where dividend payments look fragile.

All of this has come during a time when investors have prized growth over value and UK equities have been shunned in the light of the Brexit chaos.

Post the recent election the political outlook has become more stable and the path to Brexit should become clearer. Is there now light at the end of the tunnel ?

When we launched the TB Saracen UK Income fund in April 2015 we were determined to take a different approach in the light of these challenges.

We strongly believe that valuations matter and that equity income funds should provide investors with a high and growing income.

In this webcast we review the performance of the TB Saracen UK Income fund and outline why we feel the Fund is well positioned to meet the needs of income investors.

Some of the key themes we will address include:

- Why value strategies are still relevant in a changing world
- The importance of a focussed, ‘multicap’ approach
- The risks to UK dividends going forward

Presented by :
Scott McKenzie, Co-Manager , TB Saracen UK Income Fund
David Clark, Co-Manager , TB Saracen UK Income Fund
Ellie Sluys , Communications Manager, Saracen Fund Managers

Join us for our quarter-end strategy update webcast. Engage with portfolio manager, Arnaud Gandon, to learn about what drove fourth-quarter performance, the portfolio manager's outlook, and current portfolio positioning.

Join us as Head of Securitized Credit Michelle Russell-Dowe presents on the research her team is doing on the credit markets by and large, and trends they’re seeing within CLOs, global ABS, and more.

Quali sono le opportunità che offre il mercato cinese? Secondo le stime, dai consumatori cinesi urbani dipenderà nel prossimo futuro il 30% dei consumi globali, mentre massicci e mirati investimenti stanno convertendo il paese in una potenza tecnologica e primo hub del commercio mondiale.

Scopriamo insieme le migliori soluzioni per investire in Cina.

Brook Tellwright provides an update on the positioning of the Waverton Southeast Asian Fund and an overview of the current outlook.

The third webinar in this series will focus on how corporate data collection metrics, inclusions and exclusions, affect the weighting of governance and social indicators used by investors in determining the market value of a company. The webinar will also review how legal change is affecting the ability of companies to engage with investors and create common ground in the understanding and use of social and governance data.

Questions for discussion may include:

How are companies “S” and “G” data determined by investors when specific metrics are not available, comparable or consistent? What role can investors play in ensuring transparency through their engagement strategies?

What are the challenges companies face generally and particularly in responding to new legislation requiring them to update their data identification and collection processes?

How can companies improve the communication of their corporate governance structures, policies, and business practices to investor audiences?

ESG applicable metrics for a number of areas e.g., for supply chain management, diversity and inclusion, ethical sourcing, plastics, and human capital, are still being developed. In the absence of comparable and clear metrics, how can companies be appropriately assessed by investors?

How effective do investors and companies feel the New Corporate Governance Code and the New Stewardship Code has been in helping to improve engagement on “S” and “G” data?


Speakers:
Gema Esteban Garrido, ESG Reporting and Investor Manager, Telefonica
Victor Riega, Senior Sustainability Engagement Manager, Standard Chartered (listed entity)
Youri Lie, Senior Manager Climate Change and Sustainability Services, EY
Kimon Demetriades, ESG Analyst, Allianz Global Investors

Moderator: Helen Wood-Gush, Senior ESG Consultant, Responsible Investor

Join us for our quarter-end strategy update webcast. Engage with portfolio managers to learn about what drove fourth-quarter performance, the portfolio manager's outlook, and current portfolio positioning.

BPI Africa is an Equity fund that invests in companies with significant operations located in Africa, without any country or sector restrictions.

The fund aims to provide the investor with direct access to markets with high growth potential and that are not directly reachable, in the African continent.

Join the PRI, the World Bank, Payden & Rygel Investment Management and Union Investment for a webinar on 23 January to explore ESG data sources and integration techniques for sovereign debt investing.

This session will provide a taste of the World Bank’s new Sovereign ESG Data Portal, an important enhancement to the data kit. Furthermore case studies by Payden & Rygel Investment Management and Union Investment will provide examples of how to consider ESG factors in sovereign debt analysis. The session builds on the PRI’s new Practical Guide to ESG Integration in Sovereign Debt.

Anna Georgieva, Manager, Investment Practices, PRI (moderator)
Fiona Stewart, Lead Financial Sector Specialist, Finance, Competitiveness & Innovation, World Bank
Johannes Böhm, Portfolio Management ESG Analyst, Union Investment
Kristin Ceva, CFA, Managing Principal, Payden & Rygel Investment Management

Chris Garsten provides an update on the positioning of the Waverton European Capital Growth Fund and overview of the current outlook

Third phase of the Energy Efficiency Financial Institutions Group (EEFIG) – become involved with a range of new working groups.

The European Commission and UNEP FI have launched calls for expression of interest for several new EEFIG working groups dealing with leading edge issues to scale up energy efficiency investment, in support of the European Green Deal and the EU´s Sustainable Finance Action Plan. Energy efficiency is also central for the implementation of the Principles for Responsible Banking since real estate represents a major share of banks´ financed emissions.

-Financial Performance of EE loans: This working group will utilize advanced data analytics to assess the contribution of energy efficiency to credit quality in mortgage books, to inform discussions of the Green Supporting Factor.
-Multiple benefits: This working group will assess the contribution of energy efficiency to non-energy issues on a macroeconomic level (such as economic growth, job creation, economic productivity) and on the level of individual efficiency transactions.
-Financial instruments: This working group will take stock of leading practices emerging for both public and private financial instruments and how they can be blended to scale up energy efficiency, covering industry, buildings, secondary markets and how they link to the EU´s sustainable finance activities.
-Dissemination/communications: This working group will aim to disseminate the results of EEFIG activities more widely, and UNEP FI and the EC are looking to appoint a set of EEFIG ambassadors who can disseminate the results of EEFIG more widely in the finance community.

During the webinar, the working group leads will present in greater detail on the working mode and main topics to be addressed by each working group, and we will describe the kind of expertise we seek and process for sending in an expression of interest.

Join us for our quarter-end strategy update webcast. Engage with portfolio manager Andrew Kurita to learn about what drove fourth-quarter performance, the portfolio manager's outlook, and current portfolio positioning.

BPI Brasil is a long only Fund that invests in listed Brazilian equities and fixed income.

The fund aims to provide the investor with direct access to a market with high growth potential and offer a sustainable return over a reasonable time frame through an active management approach.

Charles Glasse provides an update on the positioning of the Waverton European Dividend growth Fund and an overview of the current outlook

BPI Iberia invests in listed Portuguese and Spanish shares or equity linked instruments.

The fund aims to beat the benchmark* over a reasonable time frame through an active management approach.

* Benchmark: 20%PSI20 TR + 80% IBEX35 TR

Join us for our quarter-end strategy update webcast. Engage with portfolio managers to learn about what drove fourth-quarter performance, the portfolio manager's outlook, and current portfolio positioning.

Please join us to hear an update from Investment Director, Katy Forbes and William Martinez discussing the key themes within the portfolio and providing a summary of our current positions and outlook for Q1 2020.

Join us for our quarter-end strategy update webcast. Engage with portfolio managers to learn about what drove fourth-quarter performance, the portfolio manager's outlook, and current portfolio positioning.

The fourth and final webinar in this series will focus on defining materiality, consistency in application, ranking and focus of issues. It will cover the role and application of material risk in enterprise and societal risk assessment.


Questions for discussion may include:
Do material issues identified in sustainability assessments give a fair and true view of non-financial risks?
What are the best standards to define materiality that ensure equanimity for all stakeholders?
How does a company ensure that wider societal issues are also considered and appropriately prioritised?
How can companies and investors encourage a forward-thinking approach to these material issues?
How can greater consistency in the application of ESG materiality be developed?
In what ways can companies create greater visibility on evolving, longer term issues?
How can the results of materiality assessments provide focus and opportunity for corporates to respond to longer term material issues?
What are the ways investors can incentivise companies to follow a broader sustainability agenda?

Speakers:
Alan McGill, Global Head of Sustainability Reporting & Assurance, PWC
Ekaterina Hardin, Analyst, Sector Lead, Extractives & Minerals Processing, SASB
Anita McBain, Head of Responsible Investment, M&G Investments
Lisa Epifani, ESG Engagement Manager, Chevron
Kris Frederickson, Manager, Sustainability Disclosure & Stakeholder Engagement, Suncor Energy
Daria Goncharova, Chief Sustainability Officer and Head of Non-Financial Reporting Polymetal

Moderator:
Helen Wood-Gush, Senior ESG Consultant, Responsible Investor

In recent times, global interest rate markets have endured heightened volatility while certain yields across the global fixed income universe have turned negative. On this webinar, two of First Trust’s fixed income portfolio managers will discuss the opportunity set through a fixed income factor lens, as well as the attractiveness of individual country yield curves and currencies based on objective investment factors.

Key Discussion Points:

•Define carry, value and momentum factors impacting currencies and yield curves
•Evidence the effectiveness of these factors
•Apply these factors to real life examples

Another strong year for technology outperformance will be met yet again by concerns on valuation and regulation. Given this has become an annual debate over the past decade, are investors looking at the sector the right way? Richard Clode, Global Technology Portfolio Manager, discusses these issues and will also cover:
•Year-end review of tech sector
•Update on key themes
•Portfolio positioning and key changes
•Performance update
•Global Technology Strategy 2020 outlook.

Please note that this webcast is for Professional Investors from the following European jurisdictions: Austria, Belgium, Germany, France, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden and Switzerland. For UK please visit https://www.brighttalk.com/channel/13709.

Join us for our quarter-end strategy update webcast. Engage with portfolio managers to learn about what drove fourth-quarter performance, the portfolio manager's outlook, and current portfolio positioning.