New Zealand SWF hires BMO to aid ethical push
BMO Global Asset Management to help 'global engagement programme'
New Zealand's sovereign wealth fund (SWF), the NZ Super Fund, has appointed BMO Global Asset Management to help it enforce ethical standards at the companies it owns through its NZ$30 billion (US$20.5 billion) investment portfolio.
BMO, the asset management arm of Canadian financial services group Bank of Montreal, runs a 'global engagement service' that it currently applies to $106.5 billion of assets worldwide, covering a range of environmental, social and governance issues.
Barry McInerney
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