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Colonial tops Mercer ESG ranking

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By Vishal Teckchandani
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2 minute read

Colonial First State Global Asset Management (CFSGAM) has topped Mercer's first rating of environmental, social and governance (ESG) practices for fund managers in emerging markets.

 A signatory to the United Nations Principles for Responsible Investment, CFSGAM was ranked the number one manager in a list that included Dexia Asset Management, Investec Asset Management and Scottish Widows Investment Partnerships.

The Colonial First State Wholesale Global Emerging Markets Sustainability Fund was the top-scoring fund, beating out the Industrial Fund Management Company - China Equity SRI Fund and Lloyd George Asian Green Fund.

The fund was recently launched to the Australian market.

CFSGAM head of sustainable and responsible investing Amanda McCluskey said the bottom-up approach taken by the emerging markets team was its major differentiator.

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"The team spend a lot of time travelling the world and talking to companies and they will always meet management before they make a decision to invest. They also have good relationships with non-government organisations and not-for-profits in the emerging markets," McCluskey said.

The global survey was commissioned by International Finance Corporation (IFC), a member of the World Bank Group.