NETHERLANDS/LUXEMBOURG – ABN Amro has launched the Socially Responsible Equity Fund (SREF), a Luxembourg based fund aimed at both private and institutional investors.
The new fund’s introduction period runs until the end of November and will be listed on the Luxembourg stock exchange form early December. Its issue price is €50 per share.
ABN Amro says that the fund will be managed in the same way as its Amsterdam based Sustainable World Fund, which has outperformed its benchmark, the MSCI World index, by 5.7% since being introduced last year and is now worth €56m.
SREF will invest in listed companies that show positive results in both sustainable (environmental and social) and financial terms.