Ninety One’s £1.8 billion Global Environment Fund has been added to Redington’s employee default defined contribution (DC) plan.
The fund, which was launched in 2019 and is managed by Deirdre Cooper and Graeme Baker, invests in companies driving the low-carbon transition.
Since launch, the strategy has generated an annualised return of 16.2% as of the end of April 2022.
In contrast, the fund’s benchmark – the MSCI AC World Net Return index – has returned 11.7% in the same period.
The addition of the fund follows UK pensions investment consultant, Redington, re-examining its default investment strategy.
The fund has been added to each phase of Redington employees’ retirement journeys, from accumulation to drawdown.
Redington’s pension was designed in the same way as its client’s portfolios, according to director of investment consulting at Redington, Mathias Rasmussen, who said it was advised by its DC consultants and sustainable investment team, approved by its Investment Strategy Committee, and headed by ‘preferred’ rated managers.
“Building a sustainable future is a huge challenge that no individual or company can solve alone,” he said.
“But by taking responsibility for the things we can control, together we can make a real difference. This is why we are pleased to include the Global Environment Fund in our pension.”
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