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Generational shift drives sustainable investing and ESG opportunity

Almost all millennial investors say they are interested in sustainable investing according to a recent US survey. Pendal Group’s ANDREW PARRY explains the opportunity

  • Inheritance is bringing younger clients to financial advisers
  • Younger generation has acute awareness of changing social norms and environmental concerns
  • Opportunity for advisers to educate the market

MANY investors wrongly believe sustainable investing implies a trade-off that involves giving up returns, says Pendal’s Andrew Parry.

This misperception is an opportunity for financial advisers to educate their clients, says Parry, who heads up investments at Pendal’s Regnan and J O Hambro Capital Management businesses.

“This is one of the education matters that we’re all going to have to deal with because we have to get over this barrier that integrating ESG considerations to your investment decisions costs money,” says Parry.

“I think a better way to frame it is that if you’re not thinking about these issues, you can’t have the complete picture and therefore you’re more likely to introduce more uncertainty by not having the full information when investing.”

Integrating environmental, social and governance considerations in investing is of critical importance for advisers because younger investors are increasingly demanding their money is managed sustainably.

More advisers offer sustainable investing

More than 40 per cent of advisers in Australia now offer responsible investment options, according to surveys by Wealth Insights.

The number is expected to pass 50 per cent this year and 65 per cent in the next few years.

“That’s going to continue to grow largely because of consumer preferences,” says Parry.

It’s not just greater awareness across society, but also a demographic shift in investors from older to younger generations, who have a more acute awareness of changing social norms and environmental concerns.

Find out about

Regnan Global Equity Impact Solutions Fund

“We’re beginning to see generational shift that is going to continue for a long time,” he says.

Almost 80 per cent of US investors and 99 per cent of millennial investors say they are interested in sustainable investing according to research by Morgan Stanley in December 2021.

“People are beginning to ask their investment advisers for advice on how to make the change — 75 per cent of millennial investors are planning to change the way that they invest to reflect their sense of social justice.

“There is a vast amount of money that is going to be inherited over the next 10 to 20 years.

“This is something that is going to reshape the demand for these products for many years to come.”

Parry was speaking at a recent Pendal webinar titled How making a difference can make money.

The presentation can be viewed along with other recent Pendal webinars at pendalgroup.com/webinars (free registration required).

Fast growth for sustainable investing

The past three years have seen an explosion in interest in sustainable investing which is showing no signs of stopping.

“On certain projections it’s expected that some $50 trillion of assets will be invested with some form of ESG target or integration by 2025,” Parry says.

“It’s not about ESG as a label — it’s about ESG as an input into all our decision-making.

“Why wouldn’t you think about the environmental influence on business models and on economic activity?”

“Why wouldn’t you think about the social consequences of how COVID is recalibrating the ability of companies to attract workers/.

“By missing out these inputs, you may be missing valuable and material information.

“ESG is not about the label — it’s simply finance 101.”

About Andrew Parry

Andrew is Head of Investments for Pendal Group’s sustainable investing business Regnan as well as our UK-based asset manager J O Hambro Capital management.

He has more than 30 years of asset management experience with a focus on equities, investment strategy, business development, leadership and strategic client relationships. Over the past decade Andrew has developed a special focus and indepth knowledge of sustainable and impact investing.

About Regnan

Regnan is a responsible investment leader with a long and proud history of providing insight and advice to investors with an interest in long-term, broad-based or values-aligned performance.

Building on that expertise, in 2019 Regnan expanded into responsible investment funds management, backed by the considerable resources of Pendal Group.

The Regnan Global Equity Impact Solutions Fund invests in mission-driven companies we believe are well placed to solve the world’s biggest problems.

The Regnan Credit Impact Trust (available in Australia only) invests in cash, fixed and floating rate securities where the proceeds create positive environmental and social change. Both funds are distributed by Pendal in Australia.

Visit Regnan.com

Find out about Regnan Global Equity Impact Solutions Fund

Find out about Regnan Credit Impact Trust

For more information on these and other responsible investing strategies, contact Head of Regnan and Responsible Investment Distribution Jeremy Dean at jeremy.dean@regnan.com.

This information has been prepared by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL No 431426 and is current as at April 20, 2022.

PFSL is the responsible entity and issuer of units in the Regnan Global Equity Impact Solutions Fund (Fund) ARSN: 645 981 853. A product disclosure statement (PDS) is available for the Fund and can be obtained by calling 1300 346 821 or visiting www.pendalgroup.com. The Target Market Determination (TMD) for the Fund is available at www.pendalgroup.com/ddo. You should obtain and consider the PDS and the TMD before deciding whether to acquire, continue to hold or dispose of units in the Fund.

An investment in the Fund or any of the funds referred to in this web page is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested.

This information is for general purposes only, should not be considered as a comprehensive statement on any matter and should not be relied upon as such. It has been prepared without taking into account any recipient’s personal objectives, financial situation or needs. Because of this, recipients should, before acting on this information, consider its appropriateness having regard to their individual objectives, financial situation and needs. This information is not to be regarded as a securities recommendation.

The information may contain material provided by third parties, is given in good faith and has been derived from sources believed to be accurate as at its issue date. While such material is published with necessary permission, and while all reasonable care has been taken to ensure that the information is complete and correct, to the maximum extent permitted by law neither PFSL nor any company in the Pendal group accepts any responsibility or liability for the accuracy or completeness of this information.

Performance figures are calculated in accordance with the Financial Services Council (FSC) standards. Performance data (post-fee) assumes reinvestment of distributions and is calculated using exit prices, net of management costs. Performance data (pre-fee) is calculated by adding back management costs to the post-fee performance. Past performance is not a reliable indicator of future performance.

Any projections are predictive only and should not be relied upon when making an investment decision or recommendation. Whilst we have used every effort to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The actual results may differ materially from these projections.

For more information, please call Customer Relations on 1300 346 821 8am to 6pm (Sydney time) or visit our website www.pendalgroup.com

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