Boots Pension Scheme backs Legal & General multi-factor fund

first_img“Factor-based investing is growing in popularity as it can be used to meet different investment objectives in a cost-efficient manner,” he said.The fund was developed in partnership with Scientific Beta, the provider of factor-based indices established by EDHEC-Risk Institute. The fund uses Scientific Beta’s recently launched High Factor Exposure indices as “building blocks” for the portfolio.LGIM said it customised these building blocks to target a balanced factor exposure while enhancing diversification and reducing risk by controlling region and currency exposures.The fund is run by multi-asset fund manager Andrzej Pioch alongside LGIM’s broader asset allocation team, which is responsible for more than £37bn.LGIM manages £35bn in factor-based strategies and alternatively weighted indices. Last November, the fund manager launched the L&G Future World Fund in collaboration with the HSBC Bank UK Pension Scheme.The multi-factor global equities index fund that incorporates a climate “tilt” to address the investment risks associated with climate change.The fund was picked as HSBC Bank UK Pension Scheme’s equity default option within its defined contribution scheme. Legal & General Investment Management (LGIM) has launched a multi-factor global equity fund with initial investment from the £7.2bn (€8.1bn) Boots Pension Scheme.The LGIM Diversified Multi-Factor Equity Fund invests in a diversified portfolio of global equities based on smart beta factors, and is a pooled vehicle aimed primarily at UK institutional clients.The group said the fund aimed to reduce risk relative to the global equity market by diversifying more effectively across regions and reducing stock-specific concentration.Adam Willis, head of index and multi-asset distribution at LGIM, said investors were increasingly looking for alternatives to traditional market-cap and multi-asset products.last_img read more

The Latest: Tennessee athletic budget assumes football fans

first_img___Brewers general manager David Stearns says no Milwaukee players have opted out of playing this season for personal reasons. He says “a small number of individuals in our organization” have tested positive for COVID-19 but were asymptomatic. He didn’t specify the number or say whether these individuals were players, other team employees or both.___The NBA and the National Basketball Players Association say 16 players tested positive for coronavirus in the first wave of mandatory tests done in preparation for the restart of the season.Those 16 players were part of a pool of 302 tested on Tuesday. Tests are continuing for all 22 teams that will be participating in the restart at the Disney campus near Orlando, Florida, next month. The player names were not disclosed; some, such as Malcolm Brogdon of Indiana and Sacramento teammates Jabari Parker and Alex Len have publicly acknowledged they have recently positive. June 26, 2020 Diamond League track meets in France and the United States have been canceled because of the coronavirus pandemic.Organizers say the Sept. 6 event in Paris and the Prefontaine meet on Oct. 4 in Eugene, Oregon, cannot be held because of the current restrictions on mass gatherings and international travel.A meet in Gateshead, England, has been postponed from Aug. 16 to a possible date in mid-September.The next possible Diamond League meet is scheduled for Aug. 14 in Monaco.___ Now the World Group I and World Group II preliminary matches will be played in various sites in either March or September 2021. The finals will be in Madrid during the week of Nov. 22, 2021.The International Tennis Federation says the 18 nations that already qualified for the 2020 finals will get a spot in 2021.The ITF has also scrapped the women’s Fed Cup finals for this year and says they will be played April 13-18 in Budapest, Hungary.The Fed Cup originally was supposed to be played this April but was initially postponed because of the pandemic.___ Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Tennessee’s athletic budget for 2020-21 assumes the Volunteers will have fans in the stands for football season but still includes a $10.1 million cut in overall revenues. This year’s Fed Cup finals have been rescheduled for 2021 because of “challenges” related to the coronavirus pandemic.The International Tennis Federation says the women’s team competition will take place April 13-18 in Budapest, Hungary.The 2020 event was originally scheduled for April but was postponed because of the pandemic. Officials had hoped to squeeze the competition in this year.The ITF says there are “significant logistical and regulatory challenges” to holding “an indoor mass gathering” at the Laszlo Arena. The tennis body says “guaranteeing the health and safety of all involved will not be feasible.”The Fed Cup finals feature 12 national teams competing in a new format. ___Tennis great Goran Ivanisevic says he has tested positive for the coronavirus.The former Wimbledon champion coaches top-ranked Novak Djokovic and was at the recent Adria Tour exhibition series in Serbia and Croatia.Djokovic and three other players have also tested positive for the virus after playing in the events. Grigor Dimitrov, Borna Coric and Viktor Troicki are the others.Ivanisevic won the Wimbledon title in 2001. He says he twice tested negative for the virus over the past 10 days but has now tested positive. That was a 5.3% rate of positive tests leaguewide. The league did not announce results of testing on staffers and other members of team travel parties, all of whom are also part of the mandatory testing program.The league and the union say that “any player who tested positive will remain in self-isolation until he satisfies public health protocols for discontinuing isolation and has been cleared by a physician.”___The Carolina Hurricanes will begin “voluntary small-group training” at PNC Arena on Tuesday.The team said Friday those sessions will be closed to the public and media. Sixteen players, divided into two groups, are expected to participate.center_img Players and staff permitted inside the arena will be tested for COVID-19. Team personnel will follow safety guidelines outlined in the second phase of the NHL’s return plan, as well as those from the Centers for Disease Control and Prevention, and North Carolina’s Department of Health and Human Services.The team says the arena has received “extensive cleaning” during the suspended NHL season and there will be “enhanced cleaning and sanitation efforts” going forward.___The Davis Cup men’s tennis competition has been canceled this year because of the coronavirus pandemic and will pick up again in 2021.Matches were scheduled for this September and the Davis Cup finals were set for November in Madrid. Virginia says its football players can begin returning to campus on July 5 if they participate in a voluntary workout period under protocols set by the school’s health system.The school says all student-athletes and staff will receive COVID-19 specific education through a variety of print and video media, utilizing CDC and NCAA resources. The UVA Health System will administer and coordinate testing of student-athletes and staff.The voluntary workouts will go from July 5-14, followed by required activity for up to eight hours a week including weight training, conditioning and film study from July 15-25. The program will then transition into a two-week period of required activities for 20 hours a week including walk-through sessions before fall training camp opens on Aug. 9.The UVA Health System also will be required to report positive tests or cases to the local health district and to the athletics program’s team physicians.The Cavaliers are scheduled to open the season against Georgia on Sept. 7 in Atlanta. Associated Press Ivanisevic says “I would like to inform everyone who has been in contact with me that I tested positive and ask them to take extra good care of themselves and their loved ones.”The Croat says he has no symptoms but will self-isolate.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports The Latest: Tennessee athletic budget assumes football fans University of Tennessee President Randy Boyd says reducing the number of fans further because of the coronavirus pandemic would have a “significant impact” on the budget. But Boyd said Friday that Tennessee is financially prepared to handle any problems.Tennessee projects a drop of 19.4% with $29.8 million in revenue from athletic ticket sales. That would be down $7.1 million from the $37 million taken in over 2019-20. John Compton, chairman of the UT Board of Trustees, says that estimate is appropriate for now. He also says Tennessee will be able to handle if ticket revenue winds up even 50% lower.The Volunteers won their final six games last season under coach Jeremy Pruitt. They are scheduled to host Florida and Alabama, which are traditionally big draws for fans.Athletic director Phillip Fulmer has said Tennessee is expecting to fill Neyland Stadium this season and will adjust as needed.___last_img read more

Ryan says Tipp has to reset & refocus

first_imgBut Michael Cahalane’s second Cork goal was the decider in the final minutes.The rebels will go on to play Waterford next month in the semis while Tipp will have to wait until July to start their qualifiers campaign.Speaking to Tipp FM Manager Michael Ryan says they have a number of weeks now to sort their game planRyan also praised Cork’s performance as exceptional – for his part the Rebel’s keeper Anthony Nash paid tribute to their opponents but told Tipp FM that they won’t be getting ahead of themselves. Tipperary will have to battle through the back door if they want to successfully defend their All Ireland title.Cork causing a huge upset at Semple Stadium yesterday to claim a 2-27 to 1-26 victory in their quarter-final clash.Shane Kingston put the Rebels in the driving seat with his second half goal before John McGrath raised a green flag to get the Premier back in the game.last_img read more