Netherlands based ABP Investments is seeking external managers for its planned launch of two 100 million euro funds that will invest in ethical screened companies.
The funds will be launched mid-year and will be managed externally.
A selection process has started however, names of the shortlisted candidates were not disclosed.
The funds mark ABP Investments’ first attempt at ethical investing. It will launch one covering the United States and one Europe.
“We want to see if socially responsible investing provides any financial gain beyond that of conventional equity investing,” said Rene Maatman, ABP chief counsel, legal and tax.
The firm has yet to decide on the benchmarks it intends to use.
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