mast image

Special Report

Impact investing

Sections

Storebrand extends its SRI fund range

NORWAY- Storebrand, one of Norway’s largest insurers, is adding to its family of socially responsible funds with the launch of Storebrand Global SRI. The new fund complements the insurer’s four Luxembourg-based ‘principle funds’, each of which is subjected to positive screening.

The decision to launch Global SRI fund follows increasing demand in Norway, particularly from municipalities, for socially responsible products. Storebrand already has a global, a European, a UK and a european bond SRI fund along with Storebrand WWF, a venture with the world wildlife fund. The new fund differs from the others in that it is denominated in Norwegian Krone opposed to being registered in Luxembourg.

Screening for the fund means investing in the top 30% of companies in each sector and, in response to instructions from the municipalities, shunning companies with poor human rights records, and those involved in the tobacco or landmine industry. Companies generating more than 10% in sales from alcohol will also be avoided.

A spokeswoman says the fund will start with a modest NKr100m (e13m) but that this is expected to rise to NKr400m by the end of the year.


Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<