ICYMI The CEO of $70-billion IMCO on ESG, China and why calling the markets in 2023 is a mug's game
Managing environmental, social and governance risks has been a key concern among large businesses and institutional investors, but it seems some are now pushing back against that. As we start a new year, where does IMCO stand on ESG?By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
I think the events of the Russian war on Ukraine was a real turning point on that. We had very small exposure through this sort of broad market index exposure and that caused us to say, ‘Wow, we would never intend to invest in Russia, that was not part of our investment strategy.
We don’t overweight China — we essentially have it at market weight within our public equities. So we’re not taking an active view that they’re going to outperform. We think they’re too big and too important a potential market segment to not have, but we keep them at market weight.
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