FRANCE - ABF Capital Management has launched a new environmental fund.
Luxembourg-domiciled ABF Green Planet Fund applies a global environment approach, which includes all sectors of the economy. US firm Innovest Strategic Value Advisors has been appointed as a research partner. The fund will focus on 60 purely environmental criteria defined by Innovest through the firm’s EcoValue rating system.
ABF will select 250 equities with environmental ratings from AAA to BBB from about 600 large caps included in the MSCI World Index. The tracking error is 2%-3%. No country or sector-specific decisions are used in the new offering. ABF is a unit of Credit Lyonnais Asset Management. It launched its first fund geared towards corporate governance in 1998 (ABF Europe Valeur Actionnariale), and the first equity fund focused on sustainable development in 1999 (La SicavEuroSocietale).
By Madhu Kalia
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