LGIM partners with Foxberry for sustainable European equity ETF launch

Advisory committee informs exclusionary approach

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. LGIM expands thematic range with trio of ETFs 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 Stock Exchange-listed UCITS ETF will look to minimise exposure to those likely to face longer-term issues such as more stringent regula...