Danske Bank launches sustainable fund

Danske Bank has launched a new sustainable global equities fund to be managed by AQR.

The Danske Invest SICAV Global Sustainable 130/30 allots companies an ESG rating on a scale from 0 to 10, where 10 is best, and the fund does not invest in companies with a rating of 2 or less,” says John Poulsen, head of investments at the bank. The fund automatically excludes controversial weapons, such as nuclear weapons or cluster bombs, and alcohol, tobacco, military equipment, pornography, gambling, thermal coal or tar sands. This, says Poulsen, excludes around 15% of companies in the the MSCI World Index.