WisdomTree has teamed up with Irish Life Investment Managers (ILIM) to release its first core sustainable equity exchange-traded fund (ETF). The WisdomTree Global Sustainable Equity UCITS ETF is classified as an Article 9 fund under the EU’s Sustainable Financial Disclosure Rules. It tracks the Solactive WisdomTree Global Sustainable Equity UCITS Index, which includes companies from developed markets that “positively contribute to social and/or environmental objectives”, the group said. Using the UN Sustainable Development Goals (SDGs), the fund targets companies tackling climate change and social inequalities, and promoting natural capital and a circular economy. It has been listed on Germany’s Börse Xetra, and will be listed on the London Stock Exchange. “The world is falling short in its efforts to meet SDGs,” said Alexis Marinof, Head of Europe at WisdomTree. “While certain areas have witnessed progress, there remains a concerning proportion of targets that are either progressing too slowly or regressing.” WisdomTree is an ETF specialist with US$109.4 billion in AUM globally. Based in Ireland, ILIM is an asset manager with €110 billion (US$119 billion) under management.
