The launch in Denmark is a return to its roots. Storebrand Group was originally founded in Denmark in 1767. Today, the pensions and insurance firm has expanded to asset management and investment banking. It is one of the leading players in the Nordic market with more than DKK 550 billion under management. The company has been a global pioneer in ESG investing for over 20 years, offering broad and scalable solutions for both institutional and private investors in Norway and Sweden.
“We have chosen to launch five carefully selected equity funds from Storebrand Asset Management, each of which we consider to fulfil a need that is not covered in the Danish market at the moment. In the Nordic region, we are famous for our sustainable investments, due to our extensive experience, innovative approach and the results we achieved within this sector,” says Jan Erik Saugestad, CEO of Storebrand Asset Management.
To different degrees, all funds put a premium on sustainability. Storebrand Index – New Markets and Storebrand Index – All Markets track the MSCI Emerging Markets and the MSCI All Countries indices, with a tracking error below 2.5% and 1.5% respectively. These funds apply Storebrand’s standard for sustainable investments, excluding some companies from the investment universe. Storebrand Global Multifactor seeks to exploit well-documented risk premiums related to the factors of company value, size, momentum and low volatility. The fund is managed per Storebrand’s principles for sustainable investments.
“Our focus on sustainable investments is based on the belief that responsible companies that help solve the global challenges facing our societies, in a sustainable way, are also those that will be the most profitable investments in the long term. These funds provide investors with lower risk and higher long-term returns while contributing to a better world, ” adds Saugestad.
Storebrand Global Solutions invests in sustainable companies aligned with the UN’s SDGs. Besides Storebrand’s standard sustainability criteria, the fund does not invest in companies that have more than 5% of their turnover from fossil fuels, weapons / military equipment, tobacco, alcohol, gambling, pornography or companies with large fossils sources. Storebrand Global ESG Plus applies sustainability criteria and tracks the MSCI World Index, with a tracking error of no more than 1.5%. The fund invests in developed markets in North America, Europe and Asia. Beyond the criteria applied to the Global Solutions fund, the ESG Plus fund focuses on high-scoring companies in Storebrand’s sustainability rating.
“We are proud to be the distributors of Storebrand Funds in Denmark. Storebrand has a long experience of combining sustainability with innovative investment products. With these five new funds we have the opportunity to deliver a broad portfolio of products in Denmark,” says Jens Elkjær, CEO of SKAGEN Funds Denmark.
Picture from Storebrand