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Legal & General Mastertrust first to launch multi-asset ESG default fund
The Legal & General Mastertrust has announced today that it is the first Mastertrust to launch a multi-asset ESG fund as a default option. This fund will also be made available as a default option for Legal & General’s contract-based schemes.
12 Mar 2019
The fund incorporates LGIM’s Climate Impact Pledge, focused on speeding up the progress companies are making in addressing climate change and transitioning to a low-carbon economy. LGIM has identified the companies that are critical to the shift to a low-carbon economy and ranked them against criteria such as their commitment to this transition, board composition, strategy and transparency.
Dermot Courtier, Chair of the Legal & General Mastertrust:"...Being able to offer employers more choice when it comes to selecting a default fund and responding to demand to invest in funds that are making a good social impact is crucial."