July 9, 2010
Switzerland’s largest independent investment foundation, IST Investmentstiftung für Personalvorsorge, has set up a global equity fund for Responsible Investment with GES Investment Services as analysis provider.
Managing CHF5.5bn exclusively for Swiss pension funds and recognizing their increasing interest for Responsible Investment (RI), IST Investmentstiftung für Personalvorsorge has complemented its product family of investment funds with IST Aktien Welt SRI. The fund will be managed by Swiss & Global Asset Management Ltd. and screened by GES Investment Services regarding compliance with international norms on Environmental, Social and Governance issues, excluding companies involved in production and distribution of alcohol and tobacco, weapons and gambling.
Patrick Wirth, Managing Director of GES Investment Services Switzerland, said:
“We are very pleased to be entrusted with this research mandate which is an acknowledgment of our long RI experience as well as local presence.”
For more information, please contact:
Patrick Wirth, Managing Director, GES Switzerland