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Nest Shifts £3.5 Billion in Emerging Market Equities to Active Manager Wellington Management

By Market Flux··1 min read
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Britain's largest workplace pension scheme, Nest, is moving its entire £3.5 billion ($4.6 billion) in emerging market equities to US active manager Wellington Management, abandoning a passive index-investing approach in favour of active management. The shift is driven by a desire to engage more effectively with companies on sustainability issues and to target returns above the benchmark.

Nest is the UK's largest workplace pension by membership, overseeing a fund worth roughly £68 billion. The move to Wellington represents one of the most significant active-management mandates in the UK pensions market, reflecting a broader trend of large schemes reassessing passive strategies where environmental and governance engagement is a priority.

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  3. PiQMarketsNest pension fund shifts £3.5bn emerging market assets to active manager Wellington Britain's largest workplace pension scheme, Nest, plans to move its entire 3.5 billion pounds ($4.6 billion) in emerging market equities to US active manager Wellington Management. The shift from passive index investing aims to enable better engagement with companies on sustainability issues and target outperformance.