Legg Mason joins RIAA


Legg Mason has strengthened its commitment to responsible investing by joining the Responsible Investment Association Australasia (RIAA).
RIAA has a network of over 220 members who manage jointly more than $9 trillion in assets globally, including super funds, fund managers, consultants, researchers, brokers, impact investors, property managers, community banks, community trusts, faith-based groups, financial advisers and individuals.
Legg Masons’ country head Australia and New Zealand, Andy Sowerby, said the group integrated ESG factors into its investment processes and by embedding certain ethical restrictions into product structures.
“Today, we offer dedicated ethical investment solutions covering both equity and bond markets and we firmly expect that both interest and innovation in this area will only continue to grow,” he said.
“We believe that RIAA plays an important role in promoting best practice in responsible investment and we look forward to putting forward a number of our funds to be considered for RIAA certification.”
Recommended for you
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
Vanguard has announced a strategic alliance with two US alternative asset managers to develop multi-asset solutions for financial advisers which combine public and private markets.
Clime Investment Management has enacted a range of growth initiatives to boost the firm’s reach with wholesale investors and a new approach targeting the retail market.
Generation Development Group, parent of Generation Life, has entered the ASX 200, having grown its funds under management to almost $4 billion.