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Controversial weapons exclusion initiative gathers steam (IPE)

Controversial weapons exclusion initiative gathers steam (IPE)

Major European institutional investors are throwing their weight behind an initiative to get global index providers to exclude controversial weapons manufacturers from their mainstream indices.

Spearheaded by Pictet in August, the campaign – based on an open letter to index providers – gained the backing of more than 60 Swiss asset owners and asset managers with over $2trn (€1.8trn) in assets under management before being opened to international investors last month.

More than 20 investors have added their name to the letter since then, taking assets under management represented by the signatores to $4.8trn, according to an update from Swiss Sustainable Finance, which is co-ordinating the initiative.

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- Promotion -

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