Customers
Progress in 2007
| Objectives | Progress against objectives |
|---|---|
| Reach £1.3 billion of funds under management | Not achieved: The team grew assets in active SRI funds under management to just over £1.2 billion. |
| Continue to develop thematic research around climate change, quality of life, sustainable consumption and good governance | Achieved: The research team conducted further research on biofuels, healthcare provision, recycling and the aging population. |
| Encourage managers of all of Morley’s funds to incorporate environmental, social and corporate governance (ESG) issues into investment decisions | Ongoing: The SRI team continued to share best ideas with other desks across Morley’s front office. Many of these ideas were taken up by other teams, just as we gleaned deeper insight from them. This process was conducted formally via the morning meetings, and informally through routine discussions. |
| Measure the effectiveness of our engagement programmes and improve the communication of our engagement activity | Achieved: We conducted an audit of our voting activity for the first five years. |
| Outperform mainstream benchmarks for 2007 | Partially achieved: Our Managed, Global and Absolute Growth funds outperformed their mainstream peers. Our European funds were ahead of their sector peers, but slightly behind benchmark. Our UK funds were below benchmark but generally in line with mainstream peers. |
Highlights
- £1.2 billion funds under management in our sustainable and responsible investment funds