Stockholm (NordSIP) – As sustainability concerns take over financial markets, too much choice can complicate investment decisions. To help address this issue, Länsförsäkringar announced the launch of its annual “Sustainable fund performance of the year” competition.
This the second time that Länsförsäkringar holds the sustainability fund competition. According to Jim Rotsman (Pictured), Head of Investments at Länsförsäkringar Fondliv, last year’s edition of the competition created a great deal of commitment and interest in the industry and among customers. The purpose of the initiative is to help highlight the best sustainability-related initiatives across individual funds with concrete sustainability examples.
Through the competition, Länsförsäkringar invites fund companies whose funds are included in its unit-linked insurance offerings to submit a contribution highlighting any sustainable activity or investment conducted during the year and its effect on the UN SDGs. A total of 16 entries will compete for the title.
Rotsman explains that customers and other visitors to Länsförsäkringar’s website can vote for their finalist favourites and nominate a winner from the end of February and throughout March. An external jury made up of Hanna Setterberg from Stockholm School of Economics, Bidita Chakraborty from Morningstar and NordSIP’s own Aline Reichenberg Gustafsson will select the final entries. The final contenders will be listed on Länsförsäkringar’s website where customers can vote for their favourite. The winner will be presented in mid-April.
At last year’s edition, Handelsbanken Hållbar Energi and East Capital Ryssland won in the sustainable investment strategy category and in the engagement and active ownership category, respectively.
Image Courtesy of Länsförsäkringar