Our savings customers will now be able to invest in the first index fund that meets the sustainability requirements of the Nordic Swan Ecolabel. The combination of an index fund and a widely-trusted independent label such as the Nordic Swan aims to simplify the selection of a mutual fund.
“Making the right choice should be easy. It shouldn’t be more difficult to select an ecolabelled fund than to choose an ecolabelled laundry detergent. The Nordic Swan Ecolabel is well-known and is widely-trusted by consumers. As an independent player, the Nordic Swan Ecolabel acknowledges that XACT Sverige has been reviewed and meets the stringent requirements,” says Pär Nürnberg, CEO of Xact Kapitalförvaltning.
When it became possible to ecolabel funds last year, none of the existing index funds fully complied with the sustainability requirements of an ecolabel. As Sweden’s leading provider of index funds and exchange-traded index funds, we saw this as a challenge and began to collaborate with our index providers as well as one of our sustainability analysis providers. Together, they have successfully developed an entirely new equity index, “SIX Sweden ESG Selection Index”, which meets the sustainability requirements of the Nordic Swan Ecolabel.
XACT Sverige is an exchange-traded index fund and its object is to follow the performance of SIX Sweden ESG Selection Index GI as closely as possible. The Index consists of a selection of the most-traded equities on the Nasdaq Stockholm Stock Exchange that fulfil the sustainability requirements in the index. The sustainability requirements mean partly that companies with high sustainability ratings are included (inclusion) in the index, and that companies operating within controversial sectors may not be included (exclusion) in the index.
The Nordic Swan is the official ecolabel in the Nordics and helps consumers make environmentally conscious choices. The fund must meet the 25 mandatory requirements with regard to exclusion, inclusion, transparency and engagement.
Read more at xact.se
Read more at svanen.se/fonder
For further information, please contact:
Pär Nürnberg, CEO, Xact Kapitalförvaltning AB, 08 - 701 34 05
A fund’s historical return is no guarantee of future returns. Investments made in the fund can rise or fall in value, and it is not certain that you will get back all the capital you have invested. The comprehensive information brochure, with fund rules, fact sheets and current share price performance is available for each fund. Xact does not assume any liability for any errors in the information.