LGIM and Foxberry to launch sustainable US equity ETF

LGIM head of ETFs Howie Li

LGIM head of ETFs Howie Li

LGIM has partnered with Foxberry to launch a US equivalent of its L&G Europe Equity (Responsible Exclusions) UCITS ETF, alongside a US iteration of the index.

The L&G US Equity (Responsible Exclusions) UCITS ETF is listed on the London Stock Exchange and has a total expense ratio (TER) of 0.12%.

It will track the Foxberry Sustainability Consensus US Total Return index, also launched today (10 December).

ESG in ETFs: Which US funds have the highest ratings?

The fund will utilise a Sustainability Committee to offer exposure to US equities based on an exclusion method, as it did for its European equivalent.

The ETF has once again received investment from Finnish pension insurance firm Varma, this time to the tune of $550m.

Timo Sallinen, head of listed securities at Varma, said: “Sustainability is a global issue, and is at the core of Varma’s decision-making process. We are therefore pleased to lead this expansion into the US markets.”

Henrik Brunlid, CEO of Foxberry, added: “Helping our clients to achieve their sustainability investment objectives remains a key focus area for us.

“Expanding the Sustainability Consensus offering into the US markets is a natural progression as we continue the build-out of our sustainability analytics platform and index offering.”

ETF platform TrackInsight launches ESG tool

Howie Li, head of ETFs at LGIM, said: “LGIM is excited to be expanding the Responsible Exclusions fund range by offering investors access to both European and US exposures.

“Investing sustainably is the heart of our investment philosophy and, together with Foxberry, we are proud of the shared commitment we have with our investors in this range.

“We believe that the joint expertise of dedicated experts will provide more investors with the ability to invest dynamically and transparently as the responsible investment landscape evolves.”


Leave a Reply