News Formal

Business Maverick: Building back better for an investable future

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 84%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The COVID-19 emergency has accelerated the already growing focus on environmental, social and governance performance within asset management. Even before the outbreak, 2020 had looked set to be a watershed year for ESG with climate change putting the industry at the edge of a fundamental reshaping of finance. The ability to deliver against an ESG agenda will come to define outstanding performance and provides a significant opportunity and brand credentials at Old Mutual Investment Group (OMIG) for fund development and investment differentiation.

At Old Mutual, we have engaged actively to try to support our nation through this crisis. The Old Mutual Limited Foundation has set aside R50 million for emergency COVID-19 assistance focusing on education, food security and supporting municipal community care health workers. Old Mutual is offering support to SMEs worth more than R40 million and has provided premium-free cover worth R4 billion to essential healthcare workers.

Alongside OML, we share a deep social consciousness and operate with a shared value model in delivering inclusive products and services across our operating footprint in Africa. We know that long-term sustainable growth is not possible unless people save and insure; and this serves as a departure point for the OMIG business, with R1 trillion in funds under management.

It is undeniable that the macroenvironment and, to some extent, political developments both locally and globally are investors’ number one priority, that influence forming this risk-return view directly. Institutional investors are seeking out multi-asset mandates – which is likely to accelerate the pace of consolidation, collaboration and platform development in the asset management industry.

The launch of this innovative fund hinges on our deep belief in sustainable companies and their ability to induce positive change; without such a commitment to sustainable investment – it will be more of a challenge for economies and societies rebuilding a better place post-COVID-19.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS MAVERICK ANALYSIS: The ANC and business are still talking past each otherOn Friday 10 July, the ANC and Business for SA (B4SA) released policy documents outlining blueprints for an economic recovery. While finding common ground on a couple of points, they are still depressingly far apart.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: Government drags its feet on retirement benefits reformLast week, National Treasury and Cosatu officials met for the third time since April to consider giving retirement fund members access to their savings to mitigate the loss of income due to the Covid-19 lockdown and subsequent economic downturn. However, there is still no consensus.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK OP-ED: Keep an emergency fund, particularly if you are a pensionerIf there is anything that the coronavirus pandemic has taught us, it’s that you should always have an emergency fund. But how big it should be might be surprising.
Source: dailymaverick - 🏆 3. / 84 Read more »