Storebrand Asset Management adds to fossil-free range of funds and calls on investors to move in a more sustainable direction
– Fossil free strategies are a powerful tool, helping us shift billions away from investments with a challenging future. The increasing interest in fossil free funds responds to the growing public concern over climate change, and this is our contribution to the growing global divestment movement. By adding a ‘Europe’ fund to our range of fossil free portfolio the category becomes more complete, says Jan Erik Saugestad CEO Storebrand Asset Management.
The Plus concept consist of index tracking fossil-free equity portfolios that also integrate sustainability variables. The funds do not invest in companies that extract or distribute fossil fuels or companies with large fossil reserves. They also avoid companies with high carbon footprints and invest more in those with low carbon footprints. The portfolios are also partly dedicated to investing in renewable energy and companies position to benefit from providing sustainable solutions.
– Our low carbon and fossil free funds have gained a lot of attention and inflow, as customers are raising their climate ambitions. Investors increasingly recognize global issues, such as climate change, as a financial risk but also as investment opportunities.
– In the past years Institutional ESG policies are also rising in sophistication and levels of ambition. By adding a ‘Europe’ fund to our range of fossil free portfolios, we provide investors with yet another sustainable building block, says Saugestad.
The Plus funds range currently includes Emerging Market Plus, Global Plus, Sweden Plus, to which the group now is adding SPP Europe Plus.
Other fossil free funds in the Groups product range are SPP and Storebrand Global Solutions, SPP Aktiefond Stabil, SPP Företagsobligation, SPP Obligationsfond, SPP Penningmarknadfond, GodFond Sverige Världen, Storebrand Global Kredit IG och Storebrand Norge Fossilfritt.
SPP Funds is part of Storebrand Asset Management.
Past performance is no guarantee of future returns. Future returns depend on the market, fund manager skill, fund risk level and costs, among other things. The performance may be negative due to losses and it may vary considerably within periods.Unit holders’ realised gains or losses will therefore depend on the actual timing of subscriptions or redemptions.
Storebrand's ambition is to be the best provider of saving for pensions. Storebrand will deliver sustainable solutions adapted to the customer's individual situation, so that each person receives a better pension in a more sustainable world. Storebrand has about 40.000 corporate customers and 1.9 million individual customers, and is headquartered in Lysaker outside of Oslo, Norway. Storebrand manages more than NOK 721bn and is Norway's largest asset manager. We work hard to reach our vision: Recommended by our customers. Storebrand (STB) is listed on Oslo Stock Exchange.
Visit us at www.storebrand.no and follow us on twitter: @Storebrand_no