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Ikea's Imas sees a new sustainable mandate creating 'clever alpha'

For the second time, Imas, a foundation belonging to Swedish furniture retail giant Ikea, has mandated seed capital to a sustainable fund from London-based Osmosis.

Photo: Anthon Unger

The Ikea foundation, Imas, has assigned USD 250m to seed a sustainable equity fund from specialist investment boutique Osmosis, reports Financial Times.

The new fund from London-based Osmosis will be investing in resource-efficient, ex-fossil energy companies and aims to outperform the market capitalization-weighted MSCI World index. The strategy will exclude about 170 companies of around 1,430 companies in the MSCI World index.

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