Insto roundup: Dai-ichi Life invests in BlackRock green infra fund; Korea's GEPS awards mandates for overseas infra
The Australian's Asic launches ESG fund review for greenwashing; Cbus hires from Apra; Hesta hires from AMP Life; Dai-ichi Life Insurance invests $50 million in climate infra fund; Korea's GEPS awards $105 million overseas infra mandates; Teachers' Pension calls for bids; QIA increases Credit Suisse stake; and more.
AUSTRALIA
The Australian Securities and Investments Commission (Asic) launched a review of environmental, societal and governance (ESG) funds in response to growing unease about greenwashing risks. It review seeks to establish whether these ESG funds offer products and investment strategies that are as green or ESG-focused as claimed, Asic said in a statement.
“The potential to mislead can arise as a result of the product issuer being unclear on what standards they use to assess…
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