Handelsbanken Funds Move $15 Billion to Meet Paris Goals
A sign sits on a Svenska Handelsbanken AB bank branch in Stockholm, Sweden.
Photographer: Mikael Sjoberg/BloombergThis article is for subscribers only.
The asset management unit of Sweden’s biggest bank is revamping five index funds to track benchmarks that live up to climate goals laid out in the Paris Agreement.
Handelsbanken Fonder will spend this week and next on the reallocation, which will affect 12.5 billion euros ($15.2 billion) in passive assets, Emma Viotti, who runs Handelsbanken Fonder’s index, ETF and passive solutions business, said in an interview. The decision follows an “intense dialogue” with clients over the past six months, with more such reallocations already in the pipeline, she said.