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Storebrand and AMX launch tax transparent ESG fund aimed at European pension investors

Norway's largest asset manager is now launching a tax transparent fossil-free equity strategy in partnership with AMX. The new fund is aimed at European pension fund and Storebrand highlights the fund's importance for its international growth.

Jan Erik Saugestad, CEO at Storebrand Asset Management. | Photo: PR / Storebrand Asset Management

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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