LGIM partners with Foxberry for sustainable European equity ETF launch

Legal & General Investment Management (LGIM) has launched a European equity ETF, which excludes stocks using the expertise of an independent sustainability advisory committee. L&G Europe Equity (Responsible Exclusions), which has been launched in partnership with Foxberry and charges a total expense ratio of 0.16%, has already raised €200m (£177m) from Finnish pensions insurer Varma in advance of the launch. Its launch will also see the Foxberry Sustainability Consensus Europe Total Return Index launched, via LGIM's partnership with the London-based index provider. The London Sto...