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Major Pension Fund Pulls $35 Billion from State Street Over ESG Concerns

Earlier this week, the People’s Pension moved $35 billion in assets to Amundi and Invesco following an increase in ESG concerns. The People’s Pension is one of the biggest pension funds in the UK, provided by People’s Partnership. The pension’s assets were previously managed by global financial services firm State Street, which is currently managing only $6.2 billion of investments.

These movements of capital away from investment funds that seem to be laggards in embracing ESG provides encouragement to entities like Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) that are integrating these principles in…

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NOTE TO INVESTORS: The latest news and updates relating to Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) are available in the company’s newsroom at https://ibn.fm/ATBHF

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