As an asssociate member of LuxFLAG, Wildgen is delighted to announce the launch of a new label for investment funds investing in environment-related sectors.
The Environment Label will be granted to investment funds (UCITS or non-UCITS) investing in environment-related sectors irrespective to their domicile of registration. It is designed to reassure investors that labelled Investment Funds actually invest the majority of their assets in environment-related sectors in a responsible manner. The eligibility criteria for the Environment Label require eligible investment funds to have a portfolio of investments in environment-related sectors corresponding to at least 75% of the fund's total assets.
The Environment Label is granted by LuxFLAG's Board of Directors, based upon an application by the investment fund including information reviewed by an auditor, and a recommendation by LuxFLAG's Eligibility Committee of specialists in environmental investment.
The deadline for introducing applications is 15 November 2011. Criteria and Procedure are available here.
(Source: LuxFLAG)
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