Foxberry launches SDG screened Listed Private Equity index licensed to Northern Trust Asset Management for FlexShares ETF
7th February 2022
London, 7 February 2022
Foxberry, the provider of financial indices and front-oﬀice technology for the financial sector, today announced the launch of the Foxberry Listed Private Equity SDG Screened USD Net Total Return index (the “Index”). The Index has been licensed to Northern Trust Asset Management, for the launch of the FlexShares Listed Private Equity UCITS ETF (the “ETF”), who announced today the listing of the $150mm ETF on the London Stock Exchange under the ticker FLPE LN.
The Index, which was developed on Foxberry’s foxf9® platform, uses sector research from the research provider HolonIQ to offer listed private equity exposure. HolonIQ also screens for evidence of detrimental impact across the United Nation’s Sustainable Development Goals (the ”SDG”) 3 (“Good Health and Well-Being”), 7 (“Affordable and Clean Energy”), 13 (“Climate Action”) as well as evidence of United Nations Global Compact non-compliance.
Following Foxberry’s announcement of the general availability of foxf9 last year, it has quickly become the platform of choice for ETF and product issuers prioritising better tools for good and robust index construction as well as optimised feedback loops during the R&D process. Foxf9 is an open architecture platform, meaning that clients can work with third-party data providers on the platform.
Marie Dzanis, head of Northern Trust Asset Management for Europe, Middle East and Africa (EMEA), commented: “As investors increasingly turn to alternative assets for their portfolio diversification ben-efits and the potential to provide excess returns, we are pleased to partner with the Foxberry team and leverage its platform to bring to market this innovative ETF that offers a differentiated way to access private equity exposure, whilst achieving the benefits of a listed FlexShares ETF.”
Henrik Brunlid, CEO of Foxberry, commented: “The listed private equity index offers exposure to private equity, but with the liquidity and tradeability of listed markets. We are excited to work with Northern Trust Asset Management to offer a valuable tool for investors currently involved in private equity investing or planning to invest in this market.”
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Foxberry is a provider of financial indices and front-oﬀice technology for the financial sector. Based in London, Foxberry is authorised and regulated by the FCA. Foxberry was recently named the “Best Specialist ESG Index Provider” at the ESG Investing Awards 2021. More information about Foxberry is available on: www.foxberry.com.
Nothing contained in this document constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision.