ING Investment Management (ING) has unveiled a new SRI-driven European sustainable equity fund to retail and institutional investors in Europe and Asia.
The new Ucits fund, which is Luxembourg-domiciled with 40 million in assets under management, is based on an institutional strategy which has been running since 2005.
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The fund will invests in between 50 and 90 sustainable companies and will target on the best shares in each sector with most of the fund’s risk allocated to stock selection.
It will use environmental, social and governance (ESG) factors combined with financial analysis at the company level to make investment decisions.
The ING Invest Europe Sustainable Equity fund was launched on 19 December 2013 and aims to outperform the MSCI Europe Net Index by 2% annually.
The new launch comes in response to the increasing demand from clients for sustainable products.
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By GlobalDataThe asset manager’s sustainable strategy currently has a total of 1.150 billion in assets under management and the strategy has quadrupled in size in the past two years.
