SWEDEN - Andra AP-fonden, the second Swedish national pension fund (AP2), has invested e76m in a sustainable European equity fund managed by Swiss company Sustainable Asset Management.
“With this investment in the SAM Sustainable European Equity Fund, AP2 gains access to SAM’s analytical resources, enabling the Swedish pension fund to continue a systematic integration of ethical and environmental goals as part of the asset management process,” AP2 said in a statement.
AP2 chief investment officer Petter Odhnoff said: “SAM has shown that traditional financial analysis, in conjunction with a financially focused assessment of other non-financial business aspects can provide interesting return opportunities.”
SAM said in a statement that the fund’s decision was part of an increasing trend among investors to look beyond conventional financial analysis. The investment takes SAM’s total raised from Nordic investors to e117m.
Meanwhile, SAM has announced the introduction of a new class “C” share for the funds it manages, to be issued exclusively to institutional investors.
The class will apply to SAM’s sustainable leaders, sustainable pioneer, sustainable water, smart energy, sustainable global equity and sustainable European equity funds.
The company has applied for a licence to sell the new shares in Switzerland, Germany, Austria, Italy and Luxembourg.
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