Norway's largest asset manager is launching a tax transparent ESG fund in Ireland alongside AMX. The New Common Contractual Fund expects to deliver tax savings for Storebrand's UK pension fund clients, including East Sussex Pension Fund (ESPF).
"This will allow ESPF to access cost savings offered by the tax transparent structure of the fund and has enabled them to address and lower their exposure to climate risk. The fund has also attracted additional commitments from institutions that are in the process of funding," the parties write in a press statement.
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