Impact investing boutique Funds for Good has launched an ESG global flexible fund, the specialist company has announced.
The FFG Global Flexible Sustainable fund will be managed by Banque de Luxembourg Investments and be a fully flexible mix between equities, bonds, gold and cash.
SRI and ESG policies will be implemented in the mandate, with a negative screen applied to companies whose activities or behaviour are unacceptable to the firm.
This includes: weapons production, coal-based activities, tobacco producers, environmental damages and human rights violations.
In addition, the investment manager will select companies in order to make sure that the carbon footprint of the equity portfolio is at least 20% lower than the one of their benchmark.
Also commenting on the launch, BLI’s managing director, Guy Wagner, who will manage the fund alongside the BL-Global Flexible portfolio said: 'The aspect sustainable will be assured by using the exclusion list of the Norwegian pension fund and by adapting consequently the ESG filter score.
'In comparison to the BL-Global Flexible fund, the new fund’s equity portfolio will be more concentrated with an average of 40 to 50 companies and, in principle, a more distinctive mid-cap bias.'