AMWatch

Pension giant keeps active control on new ESG ETF's holdings following EUR 500m investment

The new exchange-traded fund is a rather exceptional product, as the its seed investor is able to influence the fund's composition, Varma's Senior Vice President for Investments tells AMWatch.

Varma Investment Director Timo Sallinen explains to AMWatch that the idea to design the fund came from Varma. | Photo: Marjut /Varman viestintä

Finland's Varma has invested EUR 500m in an exchange-traded fund it has developed with Legal & General Investment Management (LGIM) and index investment company Foxberry.

The fund, which was listed on the London Stock Exchange on Tuesday, invests in the US and takes sustainability criteria into account to a large extent.

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