EU. Union Investment unveils sustainable equity fund for Riester pension
Union Investment will be offering the sustainable equity fund UniSustainable Equity Global as a component of the Riester pension, effective 1 July 2019.
The fund can be used as a substitute for UniGlobal Vorsorge or UniGlobal II. A change between the funds is possible at any time free of charge.
UniSustainable Equities Global fund will take into account ethical, social and environmental criteria when selecting issuers. In addition, the focus will be on companies with sustainable core business and responsible corporate governance.
In fund selection process, fund management evaluates companies on the basis of their own sustainability rating. It examines how well the aspects of the environment and social affairs are managed and how the management qualities in the company are. Furthermore, it will look to what extent the business model of the company supports sustainable business areas in terms of the United Nations Sustainable Development Goals.
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