Major Pension Fund Pulls $35 Billion from State Street Over ESG Concerns

Earlier this week,ย the Peopleโ€™s Pensionย moved $35 billion in assets toย Amundiย andย Invescoย following an increase in ESG concerns. The Peopleโ€™s Pension is one of the biggest pension funds in the UK, provided byย Peopleโ€™s Partnership.ย The pensionโ€™s assets were previously managed by global financial services firmย State Street, which is currently managing only $6.2 billion of investments.

These movements of capital away from investment funds that seem to be laggards in embracing ESG provides encouragement to entities likeย Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF)ย that are integrating these principles inโ€ฆ

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NOTE TO INVESTORS:ย The latest news and updates relating to Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) are available in the companyโ€™s newsroom atย https://ibn.fm/ATBHF

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