Foxberry to launch sustainable US equity ETF, raises $550m

Level39 member Foxberry has partnered with LGIM to launch a US equivalent of its L&G Europe Equity ETF, alongside a US iteration of the index.

The ETF is listed on the London Stock Exchange and will track the Foxberry Sustainability Consensus US Total Return index, also launched today. The ETF has received $550m investment from Finnish pension insurance firm Varma.

Henrik Brunlid, CEO of Foxberry, added: “Helping our clients to achieve their sustainability investment objectives remains a key focus area for us.

“Expanding the Sustainability Consensus offering into the US markets is a natural progression as we continue the build-out of our sustainability analytics platform and index offering.”

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