Legal & General Investment Management & Trucost launch carbon efficient tracker fund

The 'Legal & General Investment Management (LGIM) UK Equity Carbon Optimised Index Fund' is designed for pensions investors concerned about carbon risk, which in turn is a good proxy for energy risk. The fund aims to achieve returns close to the FTSE All-Share index while reducing exposure to financial risk from the transition to a low carbon economy and rising energy costs. 

Mike Craston, Managing Director, Institutional Business, LGIM said, “LGIM has launched this fund in response to client demand for a carbon efficient tracker fund. We have worked closely with the BT Pension Scheme Management, the executive arm of the BT Pension Scheme (BTPS) to develop a fund which meets the requirements of the Pension Scheme. The fund will direct investment towards carbon-efficient companies and reduce fund exposure to rising carbon costs."

The Fund has been developed by Legal & General Investment Management using a custom index created by FTSE Group based on carbon data provided by Trucost. LGIM is a leading provider of investment services and products, with £356 billion funds under management as of end March 2011.

Read the full Press Release here