Storebrand adds new fossil-free fund as institutional demand soars
Norway's biggest asset manager is expanding its range of fossil fuel free equity index funds with a European offering. Demand has been high for "climate-smart" savings products -- and from instituional investors in particular, says the CEO of Storebrand Asset Management unit SPP Fonder.
To accommodate the growing investor demand for sustainable investment products, Norwegian Storebrand Asset Management has now added to its range of fossil-free equity index funds by launching the SSP Europe Plus fund.
Farmland has performed well in an otherwise horrendous year for risky assets. Institutional investors generally search for uncorrelated return streams, potential green benefits and inflation hedges, and while the asset class ticks these boxes, it also comes with significant risks.
New opportunities to allocate more to riskier assets mean changes are being made at ATP. A restructuring of the central IT system has been the toughest nut to crack in the restructuring, which has been described as the most comprehensive change in the pension giant’s 60-year history.
PFA’s real estate department is changing its strategy in expectation of more interest rate increases and recession, says the head of Nordic real estate, while three projects are being paused as ”it didn’t make sense to keep going.”