MillTechFX and Investec Bank plc launch new FX solution
MillTechFX has partnered with Investec Bank plc to provide fund managers with an innovative margin-free foreign exchange (FX) hedging solution.
5 March 2021
MillTechFX is proud to announce we have become a signatory to the Principles for Responsible Investment (PRI), as an indication of our intent to uphold sustainable and ethical business practices.
The PRI sets out a framework to help businesses enhance returns, manage risks and create value while acting responsibly.
MillTechFX acknowledges the relevance of ESG issues to investment management, and commits to providing, promoting and improving services that support the implementation of the following Principles:
The ESG movement is gaining momentum. There is an increased desire for sustainable business practices from both people and governments, and there’s a growing sense that this approach is also good for business.
The proof? The value of assets under management, in funds that abide by ESG principles, has now surpassed $1 trillion.
A survey from Macquarie Infrastructure and Real Assets (MIRA) found that 58% of investors had increased their focus on ESG funds and that 91% expected it to increase over the next five years.
There will, says one respondent, ‘be even less of a divide between “traditional” financial matters and ESG matters. They will become more entangled, with one key driver being the need to invest in, for example, climate change solutions and Sustainable Development Goal solutions.’
The Macquarie survey also showed that 71% of respondents felt ESG could improve returns – and the evidence backs them up. The majority of ESG funds outperform the market over 10 years.
Adopting sustainable principles in business promotes better, less risky practices overall. We’ve all seen how economies become unstable and businesses fail when toxic business practices are allowed to spread.
Quite simply, becoming more responsible is the right thing to do. Change has to happen and we all have to be a part of it.