Nesta Trust shifts £120 million passive equity mandate from Northern Trust to Amundi over climate stance

Reuters2026/07/28 23:42

By:Reuters

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Nesta Investment Management completed a £120 million mandate shift from Northern Trust Asset Management to Amundi for passive global equities.
Transfer followed Northern Trust’s withdrawal from the Net Zero Asset Managers Initiative, Climate Action 100+.
Mandate represents more than one-quarter of the Nesta Trust endowment, valued at £420 million.
Nesta Trust cited climate-risk stewardship concerns, kept exclusions for tobacco, controversial weapons, fossil fuels.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nesta Investment Management LLP published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nesta Trust shifts £120 million passive equity mandate from Northern Trust to Amundi over climate stance

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