Pension funds are typically classified as asset owners.
Asset owners (A): Pension funds manage and invest assets on behalf of their beneficiaries. They have significant capital and are responsible for making investment decisions, often delegating management to external asset managers.
Fund promoters (B): Fund promoters are entities that market and promote investment funds but do not necessarily own the assets themselves.
Asset managers (C): Asset managers are entities that manage investment portfolios on behalf of asset owners. While pension funds may have internal asset management capabilities, they are primarily asset owners.
[References:, CFA ESG Investing Principles, Definitions of asset owners, fund promoters, and asset managers in the investment industry, , =================, , , ]
Submit