Foxberry Ltd has expanded its Sustainability Consensus index offeringinto the US markets, developing the range further following the launch of theEuropean offering in September…
Henrik Brunlid, CEO at Foxberry
Foxberry has launched the new Foxberry Sustainability Consensus US Total Return Index (the “Sustainability Con-sensus Index”) and raised $550mm into a new Legal & General ETF whichtracks the index.
The ETF is listed today on the London Stock Exchangeunder the tickers RIUS and RIUG.
The $550mm investment comes from one of the leading pension insur-ance companies in Finland, Varma.
Timo Sallinen, Head of Listed Securitiesat Varma commented: “Sustainability is a global issue, and is at the coreof Varma’s decision making process. We are therefore pleased to lead thisexpansion into the US markets.”Foxberry’s Sustainability Consensus Index offers exposure to US equi-ties based on an exclusion methodology determined by the SustainabilityCommittee.
Asset owners that have demonstrated sufficient expertise insustainability matters may be invited to join the committee, in which bothLegal & General and Varma are committee members.Leveraging the combined expertise of its members, including those drawnfrom major asset owners to unlock their institutional insights and resources,the Sustainability Committee can both react quickly to market develop-ments and arrive at a consensus position on matters of responsible invest-ment.
The use of the Sustainability Committee’s expertise seeks to “future-proof” the index, by being able to react to emergent issues.
Henrik Brunlid, CEO at Foxberry commented: “Helping our clients toachieve their sustainability investment objectives remains a key focus areafor us. Expanding the Sustainability Consensus offering into the US marketsis a natural progression, as we continue the build-out of our sustainabilityanalytics platform and index offering.”
Howie Li, Head of ETFs at Legal & General Investment Managementadded: “LGIM is excited to be expanding the Responsible Exclusions fundrange by offering investors access to both European and US exposures. In-vesting sustainably is the heart of our investment philosophy and, togetherwith Foxberry, we are proud of the shared commitment we have with ourinvestors in this range. We believe that the joint expertise of dedicatedexperts will provide more investors with the ability to invest dynamicallyand transparently as the responsible investment landscape evolves.”
Source : ETFWorld.co.uk