Consumer organization accuses BankInvest of breaking marketing law

Two funds labeled as sustainable by the Danish asset manager contain investments in fossil fuels, attracting criticism from a consumer protection organization.

Maersk Drilling is one the companies contained in Bankinvest's funds labeled sustainable. Photo shows drilling rig Maersk Intrepid. | Photo: Maersk Drilling

BY METTE MANDRUP, TRANSLATED BY DANIEL FRANK CHRISTENSEN

Dansih fund manager BankInvest has marketed two funds, Danske Aktier Indeks Bæredygtig and Globale Aktier Bæredygtig Udvikling as sustainable, despite these funds investing in companies such as Maersk Drilling, Halliburton and Schlumberger, reports Danish business daily Børsen.

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Consumer organization accuses BankInvest of breaking marketing law

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Further reading

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

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

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

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