Aberdeen Standard Investments (ASI) has launched a range of sustainable index funds for pension funds and other institutional clients, as Standard Life Aberdeen's new CEO Stephen Bird unveils plans to increase the firm's focus on passive products.
The new range is available in a tax efficient Authorised Contractual Scheme (ACS) structure and will initially consist of three index funds tracking seven customised MSCI sustainability equity indices developed specifically for ASI. The ASI Sustainable Index World Equity and ASI Sustainable Index UK Equity funds both launch today (12 November) and will have an OCF of 0.15%, while the ASI Sustainable Index Emerging Markets Equity fund is slated for launch in Q1 2021 with an OCF of 0.25%. Another four funds will potentially be added to the range next year. The indices exclude companies ...
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