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Íslandsbanki and Storebrand cooperate on green funds

Norwegian asset management firm Storebrand Asset Management has partnered with Íslandsbanki to offer three green investment funds in Iceland. The funds are already managed by Storebrand but are now open to general investors and institutional investors in Iceland.

Since 2018, Storebrand Asset Management has worked in cooperation with Iceland Funds, a subsidiary of Íslandsbanki. Under this arrangement, institutional investors have been given the opportunity to invest in Storebrand funds, including its green funds. Storebrand’s objective now, in cooperation with Íslandsbanki, is to draw the public’s attention to and pique their interest in sustainable investments.

Storebrand Asset Management is the largest privately run asset management firm in Norway, with over EUR 84bn under management. Storebrand is also at the forefront of the Nordic market for pension savings and general savings based on sustainable investments. For over a quarter-century, Storebrand has invested in social projects on behalf of its customers within and outside the Nordic region.

The funds now available to Icelandic investors through Íslandsbanki are as follows:

  • Storebrand Global ESG Plus, a carbon-free mutual fund specialising in fossil-free investments (i.e., outside fossil fuel-reliant sectors) and investments that satisfy environmental, social, and governance (ESG) criteria.
  • Storebrand Global Solutions, an international mutual fund investing in companies that have clear sustainability goals and, in the Bank’s assessment, are well positioned to meet the challenges entailed in the UN Sustainable Development Goals.
  • Storebrand Global Indeks, an index-aware mutual fund whose aim is to achieve returns comparable to those on the global stock market, as measured by the fund’s reference index.

We are delighted to give institutional and individual investors the chance to invest in our funds in cooperation with Íslandsbanki. In our opinion, Íslandsbanki is an ideal partner, as both banks have the goal of offering their customers the opportunity to make potentially profitable investments while participating in a sustainable future. Storebrand Asset Management selected these three funds carefully, as we consider them a welcome addition to the Icelandic market. Storebrand has been at the forefront of the sustainable investment market in the Nordic region, and we believe our experience and expertise will be in demand in Iceland.

Jan Erik Saugestad
CEO, Storebrand Asset Management