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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