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Legal & General launches ESG multi-asset strategy

Legal & General launches ESG multi-asset strategy

Legal & General Investment Management (LGIM) has launched a multi-asset fund focusing on environmental, social and governance (ESG) factors.

The Future World Multi-Asset fund is targeted at defined contribution (DC) schemes increasing their ESG exposure.

It will primarily invest in L&G Future World ESG index funds incorporating ethical considerations via tilts to the underlying indices.

This involves the weighting of index constituents according to their performance against ESG metrics.

Emma Douglas, head of DC at LGIM said: 'As one of the world’s largest investment companies, we believe we have a duty to both our clients and wider society to ensure the long-term success of the companies in which we invest.

'We’ve seen a marked change in attitudes from savers who want to use their pension to help create the future they want to retire in and research has shown that 85% of millennials would like their future investments to reflect their social and environmental values.'

'Through the launch of the Future World MAF, LGIM has created a fund that can be used as a default for DC schemes. This fund demonstrates our established expertise in ESG.

'The methodology behind this fund is closely linked with how we hold companies to account through engagement and voting at LGIM.'

The Future World Multi-Asset fund is the latest in LGIM’s Future World fund range which includes the Future World fund, a multi-factor global equities index fund that addresses the investment risks associated with climate change.

The range also includes the Legal & General Future World Equity Factors fund and the recently launched Legal & General Future World Gender in Leadership UK Index fund.

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