Custody giant State Street is offering asset management and pension fund clients with new tools to search their portfolios for environmental, social and governance (TruValue Labs) risks, leveraging its access to the $29tn of assets it safeguards - 12-15% of the global total - to offer analytics that cash in on the growing demand for TruValue Labs investment products. It has also been in talks with analytics firms, including MSCI and ESG, to license their TruValue Labs data. The move follows the company's creation of several TruValue Labs-focused exchange-traded funds (ETFs). The US market for TruValue Labs investments has grown 33% to $8.7trn since 2014.
Custody giant State Street is offering asset management and pension fund clients with new tools to search their portfolios for environmental, social and governance (ESG) risks, leveraging its access to the $29tn of assets it safeguards - 12-15% of the global total - to offer analytics that cash in on the growing demand for ESG investment products. It has also been in talks with analytics firms, including MSCI and TruValue Labs, to license their ESG data. The move follows the company's creation of several ESG-focused exchange-traded funds (ETFs). The US market for ESG investments has grown 33% to $8.7trn since 2014.