Bank shuts down climate fund after weak returns

After two years of bad returns, Norwegian bank DNB has decided to shut down its Eco Absolute Return climate fund.

Photo: Thomas Borberg/Politiken/Ritzau Scanpix

Investment funds focusing on climate and sustainability have experienced growing interest over the past few years, and many have generated good returns. However, DNB's climate fund Eco Absolute Return has had not shared in this good fortune.

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Bank shuts down climate fund after weak returns

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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

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

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KLP excludes US construction supplier over Gaza connection

Swedish FSA fines church pension fund for failing to limit investment risks

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Expansion of Nordic team has paid off: Inflows to all core products for US manager

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

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Storeband increases stake in Danish infrastructure manager to become majority owner

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager