Issue - meetings

Pooling Investment in Wales

Meeting: 09/06/2021 - Clwyd Pension Fund Committee (Item 10)

10 Pooling Investment in Wales pdf icon PDF 97 KB

To provide Committee Members with an update on implementation of Pooling Investments in Wales.

Additional documents:


The Committee considered and noted the report.


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.




The Committee considered and noted the report.