Category: ETFs

London CIV [Collective Investment Vehicle], one of eight pooled UK local authority pension funds, has awarded a £200m (€224m) ESG fund mandate to RBC Global Asset Management. The LCIV Sustainable Equity Exclusion Fund – seeded initially by the London Borough of Lambeth Pension Fund – will screen out sectors such as fossil fuels, tobacco and weapons. Iain Simpson, Pension Chair at Lambeth, said the move “shows that local government pension funds can change the investment landscape by creating the demand for innovative products that facilitate disinvestment and address climate change”. The launch brings assets managed in LCIV Sustainable Equity strategies to over £580m.

US-based American Century Investments and Japan’s Nomura Asset Management – which holds a non-controlling 41% stake in ACI – have jointly launched an impact version of the American Century Emerging Markets strategy. The new Dublin-based UCITS fund will have a portfolio of 7…