LuxFlag, the labelling initiative jointly supported by the Luxembourg government and the local funds industry, has labelled additional funds, taking the number covered by the programme to some 95 funds.
The eight additional funds labelled in the latest review include:
- Microfinance Label: Symbiotics SICAV (Lux) SEB Microfinance V and Symbiotics SICAV (Lux) SEB Microfinance Life.
- ESG Label: DPAM Global Strategy L Conservative Balanced Sustainable, DPAM Invest B Equities NewGems Sustainable – F, DPAM Invest B Equities Sustainable Food Trends – F, DPAM L Bonds EUR Quality Sustainable – F and Nordea 1 – European Stars Equity Fund.
- Climate Finance Label: Lombard Odier Funds – Global Climate Bond.
The programme has also confirmed renewal of the Microfinance label for the Regional Education Finance Fund for Africa (REFFA) and The Japan ASEAN Women Empowerment Fund (JAWEF).
The applicant fund status has been renewed for Nev EarthFund S.C.A. SICAV-RAIF – Nevhouse I.
The latest changes mean that LuxFlag labels are applied to some 95 funds, including 31 in Microfinance, eight in Environment, 26 in ESG, five in Climate Finance, with four having Applicant status and 21 holding the Green Bonds label.
The number of labels issued by the programme increased by over half (54%) in 2017, according to LuxFlag’s Annual Report published for the period ending 31 December. At that point funds covered by the labels had over €31bn of AUM.
In the past month, LuxFlag confirmed another eight institutions had joined its membership. These included: Alter Domus, BNP Paribas Securities Services, CETREL Securities, Edmond de Rothschild Asset Management Luxembourg, LIS, More Carrot, Universal-Investment-Luxembourg and Wavestone.
The full list of 62 member firms are visible here: https://www.luxflag.org/about/associate-members.html