LuxFLAG now labels 52 investment funds
LuxFLAG is pleased to announce that five investment funds have been granted the use of a LuxFLAG Label for the first time:
Three funds have been granted the ESG Label for the first time: Nordea 1 SICAV Nordic Star Equity Fund, Nordea 1 Global Star Equity Fund and Sparinvest SICAV Ethical Emerging Markets Value.
Global Energy Efficiency and Renewable Energy Fund (GEEREF) has been granted the Environment Label for the first time.
Symbiotics SICAV (Lux) Global Microfinance Fund has been granted the Microfinance Label for the first time.
- The ESG Label for seven funds: Nordea 1 SICAV Emerging Star Equity Fund, Sparinvest SICAV Ethical Global Value, NNIP (L) Global Sustainable Equity, NNIP (L) European Sustainable Equity, FDC SICAV Actions Monde Actif 3, MAM Human Value FCP (domiciled in France), OFI Multiselect Europe SRI;
- The Environment Label for Triodos Renewables Europe Fund;
- The Microfinance Label for nine funds: Dual Return Fund - Vision Microfinance Local Currency, Symbiotics SICAV (Lux) – SEB Microfinance Fund II, Advans SA, KCD I, KCD II, Finethic (SICAV)- Microfinance Sub-fund, Microfinance Enhancement Facility (MEF), Triodos Global Microfinance Fund, Wallberg Global Microfinance Fund.
As of 22 September 2016, LuxFLAG has issued 52 investment fund labels (29 Microfinance, 11 Environment, 12 ESG funds) worth over EUR 12.78 billion assets under management.
“Sparinvest is delighted to have been successful in renewing its LuxFLAG ESG Label for the fund Sparinvest SICAV – Ethical Global Value and in getting approval on first application for an ESG Label for Sparinvest SICAV – Ethical Emerging Markets Value, one of the first Emerging Markets funds to obtain such a label.”, said Nichola Marshall, Head of Responsible Investment, Sparinvest.