Level39 member Foxberry launches new index with L&G Investment Management; raises €200m
17th September 2019
Level39 member Foxberry has launched a new index in tandem with Legal & General Investment Management – raising €200m from Varma – a leading Finnish pensions insurer.
The ETF, the Foxberry Sustainability Consensus Europe Total Return Index, listed on the London Stock Exchange today under the tickers RIEU and RIEG. The Sustainability Consensus Index offers exposure to broad European equities.
Asset owners that have demonstrated sufficient expertise in sustainability matters may be invited to join the committee, where both Legal & General and Varma are committee members.
Timo Sallinen, Head of Listed Securities at Varma commented: “Sustainability considerations are at the core of Varma’s decision making process. We are pleased to collaborate with Foxberry and LGIM. Both have shown how capable and committed they are to responsible investing.”
Henrik Brunlid, CEO at Foxberry commented: “We are excited to bring to market this innovative index, that unlocks asset owner sustainability expertise and is able act on new insights in sustainability investing.”