Most passive funds labeled ESG finance new oil, gas fields

Of 430 sustainable passive funds run by five major asset managers in Europe and the US, 70% “were exposed to companies developing new fossil-fuel projects,” a fresh study shows.

By Frances Schwartzkopff / Bloomberg

More than two-thirds of passive funds marketed as sustainable are helping finance growth in the fossil-fuel industry, a trajectory that the International Energy Agency has said is incompatible with limiting global warming to the critical threshold of 1.5C.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles

Receive our daily newsletters

Access our app

Get full access for you and your coworkers

Start a free company trial today

Velliv is invested in 30 companies from own exclusion list
For subscribers
Danske Bank opposes complaint to ombudsman regarding black investments
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Responsible Investing

Comment: Investors don’t need to invent policies on Gaza

Handling risk related to conflict areas should involve continuous due diligence on human rights, not policy-making, writes Tulia Machado-Helland, Senior Sustainability Analyst at Storebrand AM.

KLP excludes US construction supplier over Gaza connection

Storebrand AM excludes tech giant due to alleged human rights violations in Palestinian territories

For subscribers

Rasmus Bessing, head of ESG investing and co-chief investment officer at PFA. | Foto: Pr / Pfa

Responsible Investing

The list of money managers axing oil stocks just got longer

Mounji Boulahdour is Nordic sales director for Allspring Global Investments. | Photo: PR / Allspring Global Investments

Fund Management

US manager sees Nordic clients return to EM equities due to "excessive concentration"

For subscribers

The move will "further enhance transparency," says Carine Smith Ihenacho, chief governance and compliance officer at Norges Bank Investment Management (NBIM), which manages Norway's Oil Fund. | Foto: PR / NBIM

Responsible Investing

Oil Fund to publish shareholder votes live on Bloomberg

For subscribers

Johan Ström is head of research at Carnegie Investment Bank Norway. | Foto: Carnegie

Responsible Investing

Carnegie is skeptical about Storebrand's increased stake in AIP

NAP's investment team, l-r: Laurits Bach Sørensen, Rasmus Lund, Adam Erritzø, Shari Rana, Morten Westh Naldal (seated, left) and Troels Øberg. | Foto: PR

Fund Management

Nordic Alpha Partners reels in international investment giants for second fund

For subscribers

CEO of the Norwegian Securities Funds Association (VFF), Bernt Zakariassen. | Foto: Irene Sandved Lunde / VFF

Norwegians are investing record amounts in funds

One in two Norwegians are now saving in mutual funds. A few years ago, the figure was one in three, a new survey says.

For subscribers

Christian Heiberg, Head of Danske Bank Asset Management | Foto: PR/Danske Bank

World's best EMD team still waiting for clients to return to Danske AM

The Head of Danske Bank Asset Management, Christian Heiberg, had expected more new mandates by now for its EMD strategy, which has shown world-class performance since a new team took over.

For subscribers

Jan Erik Saugestad, CEO of Storebrand Asset Management and Kasper Hansen, Managing Partner at AIP. | Foto: PR/Storebrand

Storeband increases stake in Danish infrastructure manager to become majority owner

The owners of infrastructure fund manager AIP Management have sold the majority of their shares to Storebrand, one of Norway’s largest financial groups.

For subscribers

Northvolt is attracting ever more negative headlines. | Foto: Helena Soderpalm/Reuters/Ritzau Scanpix

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Northvolt, the Swedish manufacturer of sustainable batteries for electric vehicles, is facing a mountain of problems as the market for its products appears to be saturated.

For subscribers

Fredrik Nilsson is Head of ETF Business Development, Nordic Region at Invesco EMEA. | Foto: PR / Invesco

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

The US investment management giant has expanded its range of fixed-income ETFs by launching five EUR-denominated corporate bond funds.

For subscribers

The most dangerous thing you can do around AI investing is to stay on the sidelines, investors say. | Foto: Dado Ruvic/Reuters/Ritzau Scanpix

Ignore the ‘AI revolution’ at your own peril, global investors warn

Investors and asset managers remain positive about the benefits of artificial intelligence – despite some concerns about geopolitics and their possible effects on tech giant Nvidia.

For subscribers

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Northvolt, the Swedish manufacturer of sustainable batteries for electric vehicles, is facing a mountain of problems as the market for its products appears to be saturated.

For subscribers

Fund Management

World's best EMD team still waiting for clients to return to Danske AM

The Head of Danske Bank Asset Management, Christian Heiberg, had expected more new mandates by now for its EMD strategy, which has shown world-class performance since a new team took over.

For subscribers

Fund Management

US manager sees Nordic clients return to EM equities due to "excessive concentration"

The higher interest rate environment has impacted the Nordic region across all client groups, Mounji Boulahdour, Nordic sales director at Allspring Global Investments, tells AMWatch.

For subscribers

Pension

Storeband increases stake in Danish infrastructure manager to become majority owner

The owners of infrastructure fund manager AIP Management have sold the majority of their shares to Storebrand, one of Norway’s largest financial groups.

For subscribers

Responsible Investing

The list of money managers axing oil stocks just got longer

European investors, including pension funds from the Nordics such as PFA, AP7, Akademikerpension are cutting their exposure to oil and gas.

Foto: Ints Kalnins/Reuters/Ritzau Scanpix

Fund Management

Eight Nordic managers move up in global top 500 ranking

Most of the 27 Nordic asset managers in the global top 500 have dropped down the ranks in 2024, but eight Nordic asset managers have climbed up the list compared to last year.

For subscribers

Most passive funds labeled ESG finance new oil, gas fields

Read the whole article

With your free trial you get:

Get full access for you and your coworkers

Share article

Related articles

Velliv is invested in 30 companies from own exclusion list

Danske Bank opposes complaint to ombudsman regarding black investments

Sign up for our newsletter

Front page now

Comment: Investors don’t need to invent policies on Gaza

The list of money managers axing oil stocks just got longer

US manager sees Nordic clients return to EM equities due to "excessive concentration"

Oil Fund to publish shareholder votes live on Bloomberg

Carnegie is skeptical about Storebrand's increased stake in AIP

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Ignore the ‘AI revolution’ at your own peril, global investors warn

Further reading

Nordic institutional investors still see potential in beleaguered Swedish battery producer

World's best EMD team still waiting for clients to return to Danske AM

US manager sees Nordic clients return to EM equities due to "excessive concentration"

Storeband increases stake in Danish infrastructure manager to become majority owner

The list of money managers axing oil stocks just got longer

Eight Nordic managers move up in global top 500 ranking