Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
He will be supported by Sally Corbett, who joined the firm in Australia last year as a portfolio transition manager. Russell's transition management services group encompasses commission recapture and policy implementation, portfolio transition, rebalancing, interim asset management, agency currency execution and overlays, all of which are intended to help institutional investors' fund performance and reduce overall risk.
A Russell spokeswoman says the firm's business in Australia has grown enough to justify dedicating resources to tackle Asia more thoroughly. The firm used to have a transition management executive in Singapore, Gemma Dooley, but since last year when she returned to Sydney, she has been focused more on Australia.
Dooley will now report to Moore. Another factor behind the moves is a general trend toward decentralizing Russell's implementation services, so that the business is run on the ground from various regional hubs rather than solely from the United States.
Bruce Pflaum, Asia managing director in Singapore, adds that value-added services such as transition management should increasingly appeal to Asian investors in the current low-return environment, when every basis point counts and when volatility needs to addressed. Moore will report to Stephen Roberts, managing director of the Australian institutional business.
He joined the firm's Tacoma-based dedicated global portfolio transition team in 2000, which handles work for both Russell funds and separate client accounts
The appetite of institutional investors for green, social, and sustainable bonds that bring clear environmental and socio-economic benefits shows no sign of waning.
The German insurer has plans for the property sector in Australia and China too.
Global investors are advised to look selectively at Japanese equities as the country recovers from lockdown and continues to improve corporate governance.
Weekly investor roundup: Sun Life weighs second ESG fund in HK; Korea's NPS reduces domestic equity allocation
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