UK Pension Nest Shifts 3.5B Pounds to Wellington
UK pension scheme Nest is moving its 3.5 billion pound emerging market equity portfolio to Wellington Management. The shift ends a decade of passive investing to better manage sustainability risks through a focused portfolio.
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United Kingdom workplace pension scheme Nest plans to shift £3.5 billion ($4.6 billion) in emerging market equities to United States manager Wellington Management. The move ends a decade-long index-investing strategy to focus on sustainability risks and active engagement. Nest manages £68 billion for over 14 million automatic-enrollment members.
