AMWatch

Lannebo excludes all controversial industries from fund portfolios

Swedish fund company Lannebo Fonder will no longer invest in controversial industries like arms and tobacco. The decision applies to all of its funds and follows a gradual retreat from several non-sustainable industries over the past few years.

Photo: Lannebo Fonder/PR/©Hans Alm

Lannebo Fonder has decided to clear out all investments in a large number of controversial industries with immediate effect, according to an announcement from the Swedish fund company.

"For a long time, Lannebo has peeled off companies in sectors with high sustainability risks. Now we are going all the way and are leaving the following industries behind completely: arms, alcohol, tobacco, games, pornography, cannabis, oil, coal and gas," says Lannebo's sustainability manager, Maria Nordqvist, in the announcement.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

New paper slams model portfolio boom for conflict of interest

So-called model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according a trio of academics, including Associate Professor from the Norwegian School of Economics Nataliya Gerasimova.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch