February Market Update 2025
This month we discuss the violent equity rotation from the US and growth to Europe, EM, and value, America’s hard-line trade revisionism, falling bond yields, and developments in Ukraine.
At Bedrock, we endeavour to be responsible stakeholders in the global financial community and for our corporate activities to reflect our values and those of our clients. An important milestone in such endeavour was our decision to join the Principles for Responsible Investment (PRI) in January 2021.
The PRI is an independent investor network supported by the UN that seeks to promote responsible investment among its members, the wider investment community, and society at large. Having been founded in 2005, the PRI has since become the leading proponent of incorporating ESG factors into investment and asset ownership decisions globally. The organisation is non-prescriptive in its approach to responsible investment, given that how such terms are understood around the world and from person to person varies widely while best practice is a moving target. However, all investors who join the PRI must sign up to its six core principles which underscore their commitment to engage with and report on ESG matters; namely:
To help signatories live up to these principles and embed ESG in their investment decision-making processes, the PRI provides its members with access to high quality SRI research and forums, a vast network of ESG-conscious investors with whom to converse, and a comprehensive framework for reporting on the ESG characteristics of investment portfolios.