Allianz Global Investors has today published analysis of how it voted on nearly 100,000 shareholder and management proposals in 2019.
Active stewardship core to the firm’s values
AllianzGI demonstrates strong support for shareholder resolutions on environmental and climate related topics globally
AllianzGI takes its role as a steward of client assets very seriously, believing that active, responsible ownership can effect positive change at the company level. As well as engaging actively with the businesses it owns, AllianzGI fulfils its fiduciary responsibilities to its clients by exercising voting rights on behalf of them during shareholder meetings. This allows us to have a say on some of the most important issues affecting wider society and the companies we are invested in, including compensation, director related issues, climate change and appointment of external auditors.
During 2019, AllianzGI participated in 9,532 (2018: 8,535) shareholder meetings and voted against, withheld or abstained from at least one agenda item at 77% (2018: 75%) of all meetings globally. It opposed 24% (2018: 24%) of all resolutions globally. These figures reflect AllianzGI’s highly active and globally consistent approach to stewardship and a willingness to vote against proposals that do not meet its expectations of investee companies as well as fulfilling its duty to act in the interests of clients by considering each proposal on merit.
Source: AllianzGI proxy voting data.
As an active, engaged investor, sustainability is at the heart of AllianzGI’s investment proposition. AllianzGI believes that sustainable investing can generate positive performance not just for our clients, but for the community at large.
With 20 years of sustainable investing experience, AllianzGI has itself been carbon neutral since 2012 and is part of Allianz SE, a sustainability leader.
To read the press release, including more detail on AllianzGI’s proxy voting record, click here.
While the world battles the coronavirus pandemic, China has already made strides towards mitigating the virus’s effect on its people and economy. Although the country is not yet out of danger, we expect China’s economy to recover in the second half of this year – which could be another positive signal for China’s domestically driven A-share market.
After China’s economy ground to a virtual halt earlier this year, most companies have resumed work – which should ease pressure in the global supply chain and help Chinese manufacturers
Even with the coronavirus outbreak, “onshore” China A-shares have outperformed “offshore” China H-shares this year, and significantly outperformed equities in the US, Europe, Japan and emerging markets
Given that China A-share companies get almost all their revenues domestically, they are likely to have an advantage over exporters amid a slowing global economy
With coronavirus causing widespread volatility, it’s worth noting that A-shares have had a very low correlation with other major asset classes – including them in a global portfolio helps diversify away some portfolio risk and helps generate a much better risk-return profile
Investing involves risk. The value of an investment and the income from it will fluctuate and investors may not get back the principal invested. Investing in the water-related resource sector may be significantly affected by events relating to international political and economic developments, water conservation, the success of exploration projects, commodity prices and tax and other government regulations. Past performance is not indicative of future performance. This is a marketing communication. It is for informational purposes only. This document does not constitute investment advice or a recommendation to buy, sell or hold any security and shall not be deemed an offer to sell or a solicitation of an offer to buy any security.
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