While the World Bank’s pension may be thinking about adding ESG investments into its portfolios, both LOWC and CRBN were created for the United Nations Joint Staff Pension Fund. LOWC has $93.2 million in assets under management and CRBN has $151.1 million. [New ETF is a Low Carbon Initiative]
“Just two years ago, investments that met ESG principles were the domain of smaller funds; now interest has spread to the largest pension schemes in the world,” Kevin Bourne, a managing director of ESG at the FTSE Group, said in the Reuters article.
The strategies have also been outperforming the broader iShares MSCI ACWI ETF (NasdaqGM: ACWI), which tracks the benchmark MSCI All-Country World Index. CRBN has increased 4.5% over the past month and 8.3% over the last three months while ACWI rose 3.5% over the past month and 7.9% over the last three months.
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Max Chen contributed to this article.