Northern Trust’s asset management arm has introduced the new World Custom ESG Equity Index Fund, tailored as per six common value based exclusions.
Based on environmental, social, and governance (ESG) criteria, the new fund has been structured as a common contractual fund, enables institutional investors across the globe to meet their investment objectives.
Utilizing tax treaties that prevail between countries in which investors are based, and those in which they invest, the fund also provides tax-transparency.
Northern Trust asset management Europe, Middle East and Africa managing director John Krieg said, "Throughout Europe, we see an increasing trend among institutional investors looking to include ESG criteria in their investment portfolios."
"Through the launch of this fund, we are able to respond to the most important ESG themes identified by our clients, and include the benefits associated with a pooled fund structure."
Northern Trust offers investment management, asset and fund administration, banking and fiduciary services for corporations, institutions and high net worth individuals, globally.
As of 30 September 2012, it had assets under custody of $4.8 trillion, and assets under investment management of $749.7bn.