Issue - meetings
Pooling Investment in Wales
Meeting: 09/06/2021 - Clwyd Pension Fund Committee (Item 10)
10 Pooling Investment in Wales 
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To provide Committee Members with an update on
implementation of Pooling Investments in Wales.
Additional documents:
Decision:
The Committee considered and noted the report.
Minutes:
Mr Latham stated the following key points about the pooling of the Fund's investments in WPP:
- Multi Asset Credit Fund and Global Opportunities Equity Fund performed ahead of benchmark.
- The Global Opportunities Equity Fund reduced carbon exposure by 25% in April and the Fund will receive reports on progress going forward.
- The transition for the Wellington Emerging Market equities will occur on 6th October 2021, which also includes a 25% carbon reduction.
- He noted the Responsible Investment sub-group, including Mrs Fielder as the Fund's representative on that sub-group, have completed lots of work regarding Responsible Investment.
- In addition, Fund officers have been working with WPP on a Private Markets portfolio in conjunction with Mercer, and the Committee will receive an update regarding this work at future Committee meetings.
RESOLVED:
The Committee considered and noted the report.