The fund, operating under Luxembourg law, was launched on 15 October. The new fund represents an expansion of Swiss Life's family of funds, which includes over 20 products across Europe, into investment products where principles of sustainable development constitute part of the investment decision.
The Swiss Life Funds (Lux) Equity Sustainability fund allows investors to participate in the potential growth of sustainability leaders - companies from all fields which are able to achieve not only superior financial performance but also to create added value in ecological and social terms.
SAM Sustainable Asset Management is responsible for assessing the sustainability performance of the companies in the investment universe. Founded in 1995, SAM is an independent asset management company based in Zollikon which specialises in the successful implementation of sustainablity-driven investment strategies for both private and institutional investors. SAM's expertise is based on research provided by its team of 20 analysts and a worldwide sustainability network.
Financial analysis and portfolio management for the new fund will be undertaken by Swiss Life Asset Management. Swiss Life Asset Management is a wholly-owned subsidiary of Swiss Life/Rentenanstalt with assets of more than CHF 100 billion under management from institutional investors, investment funds and affiliated companies.
The Dow Jones Sustainability World IndexSM provides the benchmark for the fund as well as the investment universe. This index, developed jointly by SAM and Dow Jones, identifies which of the world's 2500 largest companies best meet selected criteria for sustainable development. The current index, which was published at the beginning of October, comprises 309 leading companies from 26 countries and 62 different sectors of industry.
Units of the euro-dominated currency fund were issued at an initial price of EUR 100. In addition to Switzerland, registration of the fund has also been applied for in Germany, Austria, France and the Netherlands.
Further information is available from:
Swiss Life Funds
Tel. + 41 1 284 65 35
Fax: +41 1 284 49 94
Swiss Life Asset Management
Tel. + 41 1 284 62 15
Fax: +41 1 638 62 15