Northern Trust Asset Management has launched the Northern Funds US Quality ESG Fund (NUESX), which is designed to give investors access to Northern Trust Asset Management’s investment expertise in factor-based strategies and to a fund that will invest in companies that have favourable environmental, social, and governance (ESG) characteristics.
The US Quality ESG Fund takes a quantitative approach to investing by taking into account financial quality metrics and favoruable ESG characteristics.
“Investor demand is strong and accelerating for strategies with a solid investment proposition that integrates ESG principles,” says Bob Browne (pictured), Chief Investment Officer, Northern Trust. “This fund draws on our more than 20 years of expertise and experience in both factor-based and ESG investing. It aligns with compelling evidence that shows companies with sound ESG principles tend to mitigate risk and have sustainable business models.”
The investment objective of the Northern Funds US Quality ESG Fund is to achieve long-term capital appreciation by investing in equity securities of US large- and mid-capitalisation companies. Using a proprietary quantitative factor-based approach, the Fund’s investment strategy seeks to invest in companies that meet certain criteria for ESG sustainability and exhibit strong business fundamentals, solid management, and reliable cash flows.
The investment model looks to exclude companies that are in violation of certain global norms regarding environmental, social, and corporate governance issues; involved in objectionable business practices (eg, tobacco and firearms); or engaged in controversial ESG business practices.
As of 30 June, 2017, Northern Trust Corporation, through its affiliates, has approximately USD1 trillion in total assets under management, including USD65.9 billion specifically related to its diverse set of ESG institutional investment strategies.
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