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Industry titan targets institutional core allocations through new climate equity funds

One of the world's largest asset managers, State Street Global Advisors, believes its new systemic equity climate funds will appeal to both institutional and retail investors, because it combines scientific data with the asset manager's own investment capabilities.

(left-right) Carlo Funk, EMEA Head of ESG Investment Strategy and head of Nordics Arnaud Bruyneel. Photo: PR / State Street Global Advisers

State Street Global Advisors (SSGA), the world's fourth largest asset manager, recently announced the launch of three equity funds, which align with the Paris Agreement goals to keep the increase in the global temperature average below 2 degrees Celsius above pre-industrial levels.

According to SSGA's EMEA Head of ESG Investment Strategy, Carlo Funk, the new funds are designed to be core equity allocations for large institutional investors "provided they are open to start moving away from standard benchmarks to make a change."

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