LuxFLAG, the Luxembourg labelling agency, has added another 15 funds to its programme, taking the total to 117 products.
The new labels cover ESG funds, while a further 13 funds have had their Microfinance labels renewed.
The news comes as the agency added another eight associate members to its network, which has now hit 82 in number: the new members include CACEIS, CapitalatWork Foyer Group, DWS Investment, MAZARS Luxembourg, Novacap Asset Management, Raiffeisen Bank, Syngeon and VP Bank (Luxembourg).
The application submission deadline for the next review session has been set as 15 April 2019.
The LuxFLAG agency is an independent, non-profit association created in July 2006 by seven partners who are the founding members. The agency is managed by a board of directors who represent the founding members. The analysis of applications by funds seeking a LuxFLAG Label is delegated by the board to an Eligibility Committee, composed of board members and external experts. This panel makes recommendations to the board which takes the final decision.
Labels currently issued cover Microfinance, Environment, ESG, Climate Finance and Green Bonds.
|LuxFLAG awards new labels to 15 investment funds, labelling now 117 investment products in total.|
|The ESG Label has been awarded to 8 funds:|
|AB FCP I - Sustainable US Thematic Portfolio|
|AB SICAV I - Sustainable Global Thematic Portfolio|
|Blue Like An Orange Sustainable Capital Latin America Fund I|
|CPR Invest - Education|
|CPR Invest - Food For Generations|
|Fidelity Funds - FIRST ESG All Country World Fund|
|Fidelity Funds - Sustainable Water & Waste Fund|
|Tikehau Credit Plus|
|The ESG Applicant Fund Status has been granted to 7 funds:|
|Actiam Global Equity Fund|
|Actiam Sustainable Fixed Income|
|CQS New City Global Equity Fund|
|Fidelity Funds - Sustainable Eurozone Fund|
|Fidelity Funds - Sustainable Global Equity Fund|
|Fidelity Funds - Sustainable Reduced Carbon Bond Fund|
|Fidelity Funds - Sustainable Strategic Bond Fund|
|CQS New City Global Equity Fund is the first Irish fund receiving the Applicant Fund Status.|
|The ESG Label has been renewed for the following 5 funds:|
|DPAM L Bonds Emerging Markets Sustainable|
|DPAM Invest B Equities Europe Sustainable|
|DPAM L Bonds Government Sustainable|
|NEF Ethical Balanced Conservative|
|NEF Ethical Total Return|
|The Environment Label has been renewed for the Central American Timber Fund.|
|The Microfinance Label has been renewed for 13 Microfinance funds:|
|Dual Return Fund- Vision Microfinance|
|FEFISOL- Fonds européen de financement solidaire pour l'Afrique|
|European Microfinance Platform Fund|
|GLS Alternative Investments - Mikrofinanzfonds|
|KCD Mikrofinanzfonds III - Universal|
|Investing for Development - Luxembourg Microfinance and Development Fund|
|REGMIFA - Regional MSME Investment Fund for Sub-Saharan Africa|
|responsAbility Financial Inclusion Fund|
|responsAbility Micro and SME Finance Fund|
|responsAbility Mikro and KMU Finanz Fonds|
|responsAbility Micro and SME Finance Leaders|
|Rural Impulse Fund II|
|The European Fund for Southeast Europe|
|As of 1 April 2019, LuxFLAG labels 117 investment products (31 Microfinance, 7 Environment, 46 ESG, 4 Climate Finance funds, 8 Applicant fund status and 21 Green Bonds).|