Voting is an important mechanism for holding companies to account. In situations where we may abstain or vote against management, the voting decision will be reviewed by the relevant portfolio manager and the final decision will account for Insight’s general position on the issue in question, for the specific details and context of the business, and for Insight’s views on whether and how the voting decision will be interpreted by company management.
Beyond the specific issues covered by our voting template, we generally consider any action that raises accountability for environmental and social activities to be positive for shareholders. For these actions – for example, the “Aiming for A” resolutions on climate change – Insight generally supports resolutions of this type if they are appropriately structured. We do not notify companies in advance of our voting intentions.
Specialist equities funds – voting on management resolutions in 2017
Insight’s flagship multi-asset approach, the Insight broad opportunities strategy, dynamically invests across a wide range of asset classes.
The strategy seeks to generate long-term capital growth through a dynamic asset allocation strategy involving several asset classes (including equities, fixed income securities as well as commodities and property), primarily through investments in financial derivative instruments, in direct holdings and in collective investment vehicles.
- Fixed income: ESG considerations arise indirectly through actively managed fixed income strategy managed by Insight that the strategy may have exposure to. ESG considerations are a key element of the research process underlying fundamental corporate bond evaluation processes.
- Derivatives: Financial derivatives employed in the strategy provide indirect exposure to broad market indices within equities, fixed income, commodity and currency, resulting in no direct ESG considerations for the majority of the portfolio.
- Real assets: As part of its real assets exposure, the strategy invests in listed closed-end investment companies with a focus on cash generative investments in social infrastructure, renewable energy and asset-backed aviation finance. We maintain regular contact with the companies as part of our ongoing monitoring and portfolio management. We also vote on our shareholdings which typically cover routine matters such as adoption of reports and accounts, appointment of auditors, election of members of the board and changes to capital base.
Multi-asset holdings – voting on shareholder resolutions in 2017
Key focus: closer look at remuneration
Insight believes executive remuneration must balance long and short-term performance considerations. An effective and clear policy, along with an independent remuneration committee, is essential to ensure remuneration is aligned with and commensurate with performance.
Voting on remuneration in 2017
Please note: These funds are not currently available for US investors.
Insight North America LLC (INA) is a registered investment adviser under the Investment Advisers Act of 1940 and regulated by the US Securities and Exchange Commission. INA is part of “Insight” or “Insight Investment”, the corporate brand for certain asset management companies operated by Insight Investment Management Limited including, among others, Insight Investment Management (Global) Limited and Insight Investment International Limited. Insight’s assets under management are represented by the value of cash securities and other economic exposures, and are calculated on a gross notional basis. Advisory services referenced herein are available in the US only through INA.
The views herein represent the opinions of Insight and are subject to change based on subsequent developments. They are not intended as investment advice or to predict or depict the performance of any investment. The material contained herein is not intended to provide, and should not be relied on for, investment, accounting or legal tax advice. Further, this material does not constitute a recommendation to buy, sell or hold any security. No offer or solicitation for the sale of any security or financial instrument is made hereby.
*Please read important information about Insight's data collection policies HERE before sharing your personal information with us on email.