As it stands, shareholders must assent to M&A or related-party deals. But the FCA wants to ease listing requirements to stem companies decamping to New York exchanges.
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.
The New York State Common Retirement Fund recorded the largest overallocation among global pension funds at $11.7 billion.
The big yield advantage they enjoyed over developed countries’ debt issues has narrowed, but EM paper retains other pluses.
Public equities and private debt were the top performers for the fund’s $462.8 billion portfolio.
The popular investment may suffer from an economic dip and other changes in the financial scene, critics warn.
The pension giant’s portfolio rose to $452.6 billion, but missed its benchmark by more than 100 basis points.
One in three shareholders, including pension funds like CalPERS, opposed the online retail giant at its annual meeting on such issues as executive pay.