Robeco switches to FTSE4Good
Dutch asset management group Robeco said it was changing the socially-responsible investment benchmark it uses for one of its funds. Until last month, Robeco’s Duurzaam Aandelen fund has used SAM DJ as its benchmark, but will now swap to FTSE4Good instead.
Robeco said that after the changes made on 20 September to the Dow Jones index, the index contained stocks of tobacco and arms companies. The fund excluded tobacco and arms producers, the group says, as did the FTSE4Good index.
Fund manager Erik Breen says: “We have chosen an index which fits better with the investment policy desired by our clients. We do not expect substantial changes in relative performance as a result.”
Listed on Euronext Amsterdam, Robeco Duurzaam Aandelen has assets under management of more than E104.9m.