It's the Sustainable Equities fund that is being certified, meaning the fund lives up to 25 different criteria set up by the Nordic Eco label, Nykredit writes in a press release.

One of the demands a fund has to live up to in order to get the certification is that the fund is not allowed to invest in companies extracting, refining or producing energy from coal, oil, gas or uranium.

Back in January this year AMWatch wrote that only Swedish funds had been certified - at the time 13 Swedish funds with AUM of Swedish kroner 30 billion (3 billion Euro). Nordic Ecolabel only given to Swedish funds. The other countries will follow, Nordic Ecolabel says