AMWatch

Bankinvest's new eco-labeled equity fund attracts billions and beats internal record

Within its first two weeks of trading, Bankinvest's new eco-labeled fund has attracted DKK 4.7bn (EUR 630m). The majority of the capital stems from investment solutions at local Danish banks, explains CEO Lars Bo Bertram. He has no doubt that there is a great interest among retail investors for sustainable products.

Bankinvest CEO Lars Bo Bertram at the Danish asset manager's lobby in Copenhagen. | Photo: Bankinvest/PR

Retail investors have bought shares in the new fund Global Equities Sustainable Development (Globale Aktier Bæredygtig Udvikling) by Danish bank-owned asset manager, Bankinvest, at an unprecedented level.

On the fund's first day of trading, June 26, Bankinvest sold shares worth DKK 2.6bn (EUR 349m). This figure has since grown to DKK 4.7bn (EUR 630m) within the first two weeks, mushrooming the existing internal record which was set in 2003 by an Investment Grade Corporate Bond fund where shares worth DKK 3bn (EUR 400m) were sold within the first two weeks.

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