The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan's largest pension manager to run Asia's first climate change-focused fund worth a total USD2.3bn (about RM10.13bn) in assets. Legal & General Investment Management, Schroder Investment Management and Wellington Management were also selected, with each of them getting to manage USD460mn worth of assets, according to Taiwan's Bureau of Labor Funds (BLF).

Source: The Edge