Research houses have not given enough coverage to non-financial issues that affect the performance of large-cap companies, but have improved their overall analysis of climate change and corporate governance, a report has claimed.

A group of 30 international asset managers, which includes some of the largest pension funds in the world, has published a report that claims that analysts need to increase their coverage of "extra-financial" issues that affect the performance of large-cap companies in sectors such as financial and healthcare.