Finland’s largest pension and insurance company, Ilmarinen, has invested in an emerging markets ESG exchange-traded fund run by Amundi.
With an initial investment of €500 million from Ilmarinen, the strategy tracks an index which takes a “do no harm” approach, excluding companies involved in tobacco, alcohol, gambling, nuclear power, weapons and other controversial business involvement.
The Amundi MSCI Emerging ESG Leaders Ucits ETF is the latest strategy in the French fund manager’s range of responsible investing ETFs, following the launch of eight ESG ETFs in June.
Ilmarinen provides pension and insurance for around 1.2 million people and has around €50 billion investment assets.
According to the firm, all its assets integrate responsible investing principles and emerging market exposure is a key component of the company’s portfolio.
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