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Laxman Pai, Opalesque Asia:

The Wales Pension Partnership (WPP), the pooling entity for the eight Welsh LGPS Funds, has launched a sustainable global active equity sub-fund on its existing authorized contractual scheme (ACS) platform.

The sub-fund has launched with GBP1.2bn, with all eight Welsh Funds participating, and will see Russell Investments manage a diversified multi-manager sustainable active equity solution built to the WPP's bespoke requirements.

A media release said the fund enhances the choice available to authorities and helps fulfill their sustainable investment objectives. WPP said it would have the flexibility to evolve as requirements change, and/or as the sustainable landscape develops.

The solution includes five highly rated specialists (Sparinvest, Mirova, Neuberger Berman, Wellington, and Artemis) identified and assessed by Russell Investments' proprietary research framework to ensure the suitability and inclusion of truly sustainable offerings.

The solution also offers the flexibility to evolve as the WPP's requirements change, or as the sustainable landscape continues to develop, utilizing Russell Investments' Enhanced Portfolio Implementation capabilities - an infrastructure enabling customized and efficient changes to the sub-fund with a centralized portfolio management process.

Cllr Chris Weaver, Chair of the Joint Governance Committee of the Wales Pension Partnership, said: "WPP's long-term ambition is to demonstrate leadership ......................

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