News in brief - 13 January 2023

Phoenix Group has announced a new partnership with The Telford Priory School, aiming to support the school’s development of literacy and financial skills.

The partnership will see Phoenix Group staff volunteer their time and skills to support the school’s ongoing programme of activity designed to build literacy and financial skills, as well as sharing career insight and helping students prepare for mock interviews. In light of the cost-of-living crisis, Phoenix Group has also donated to support the school’s programme to help families in need. The partnership with The Telford Priory School is the third schools-based partnership that Phoenix Group has entered in to, with The Telford Priory School selected given its proximity to Phoenix Group’s Windsor House Office.

AXA Investment Managers (IM) has launched an equity fund dedicated to the plastic and waste transition.

The fund aims to support the UN Sustainable Development Goal (SDG) 12, responsible consumption and production, by investing in companies that are limiting or managing in a sustainable way their plastic use or have efficient waste management practices. Managed by the AXA IM Equity QI team, the fund invests in large, mid and small cap companies across developed and emerging markets, and forms part of AXA IM’s ACT range. AXA IM head of investment strategy & sustainability, Jonathan White, commented: “We expect the next few years to be pivotal in plastics pollution mitigation driven by both government regulation and changing end-consumer preference…As such its our view that companies that are facilitators or leaders in waste management and plastic-use are not only sustainable investments but could also be an attractive long term investment opportunity.”

M&G has launched the M&G European Living Property Fund.

The fund aims to provide institutional investors with risk adjusted returns through investment into Europe’s residential sectors, including student housing, single and multifamily housing, and retirement living. It launched with a €400m investment from MN, one of the largest pension administrators and asset managers of Dutch pension funds, and €178m from an M&G internal client fund. The fund has already made a €75m maiden investment in Finland, funding the building of 124 premium serviced apartments in central Helsinki.

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