Deutsche Bank ventures into ethical funds arena
Wednesday, June 22, 2016
Deutsche Bank has partnered with an ethical investment specialist to launch a series of investment products in anticipation of a surge in demand for socially responsible investments from European clients.
The German lender’s new products, which will be focused on companies with robust environmental, social and governance (ESG) policies, will track the returns of two indices of sustainable stocks created by Arabesque Partners.
Deutsche Bank’s push into the responsible investment market comes shortly after it was criticised as the world’s top financier of coal companies. In the past, the bank has also come under fire from campaign groups for pushing up food prices through its dealings in agricultural derivatives.
But alongside asset managers, Deutsche anticipates that demand for socially responsible investment products will grow and wants to capitalise on that trend.
Source: Irish Times (link opens in a new window)