LuxFLAG labels 16 new funds, totalling 354 LuxFLAG labels, representing 74% growth over the last 12 months
The Luxembourg Finance Labelling Agency (LuxFLAG) is pleased to announce that 16 funds have been granted the use of the LuxFLAG label, bringing the new total to 354 investment products, with assets under management of over 154 billion Euro, as at 01st July 2021. This represents a growth in labelled products of 74% over the last 12 months.
With the newly issued labels, LuxFLAG expands its reach to one new jurisdiction viz. the Monaco in addition to Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Luxembourg and Spain.
‘’The asset management industry is determined to play an active role in the sustainable transition of the economy, resulting in the proportion of ESG assets growing every month. Initiatives like LuxFLAG have an increasingly important role to play in this transition by enhancing transparency and credibility to investors.’’ said Denise Voss, Chairwoman of LuxFLAG.
‘’The ever-growing demand for the LuxFLAG label affirms its relevance to investors while highlighting the sustainability credentials of the underlying investment products. In the process of expanding LuxFLAG’s activities and global reach, the stringent eligibility criteria and rigorous application review process remains our top priority’’ said Sachin Vankalas, General Manager of LuxFLAG.
The newly labelled ESG Funds are:
- Credit Suisse (Lux) Thematic Opportunities Equity Fund
- Fon Fineco Patrimonio Global
- Fundsmith SICAV – Fundsmith Sustainable Equity Sub-Fund
- GFG Funds – Euro Global Bond
- GFG Funds – Global Corporate Bond
- GFG Funds – Global Enhanced Cash
- GFG Funds – Income Opportunity
- LFIS Vision UCITS – Equity Defender
- MAM Positive Impact ESG Fund
- Moorea Fund – Sustainable Emerging Markets Equity
- Moorea Fund – Sustainable US Equity
- Multifondo America FI
- Multifondo Europa FI
The funds which were granted the use of the LuxFLAG ESG Label Applicant Fund Status are:
- MACSF Tikehau Financement Croissance
- Tomorrow Private Equity Fund I
- Zencap Real Estate Debt III Umbrella FPS
LuxFLAG Labels are valid for a period of one year and are subject to renewal on expiry.
The full list of LuxFLAG labelled funds is available on https://www.luxflag.org/media/pdf/2021-Q2- List-of-LuxFLAG-Labelled-Products.xlsx
Press release