American Century Emerging Markets Sustainable Impact Fund awarded LuxFLAG ESG Label
American Century Investments' American Century Emerging Markets Sustainable Impact UCITS Fund, a sub-fund of Nomura Funds Ireland Plc, has been awarded the LuxFLAG ESG Label.
The Luxembourg Finance Labelling Agency (LuxFLAG) is an independent and international non-profit association created in Luxembourg in July 2006 by seven public and private founding partners.
The primary objective of the LuxFLAG ESG Label is to reassure investors that the Investment Product incorporates ESG (Environmental, Social, Governance) criteria throughout the entire investment process. The eligibility criteria for the ESG Label require applicant funds to screen 100 percent of their invested portfolio according to one of the ESG strategies and standards recognised by LuxFLAG.
Sachin Vankalas, general manager of LuxFLAG, says: “We are pleased to announce that, the American Century Emerging Markets Sustainable Impact Equity Fund has been granted the use of LuxFLAG ESG Label for a period starting on 01 April 2021 and ending on 31 March 2022. The LuxFLAG ESG Label is recognised for its high standards and rigorous assessment of applicant investment funds’ investment strategy, ESG integration into the investment process as well as an affirmation of their transparency to investors which are all key components of the Eligibility Criteria of LuxFLAG ESG Label.”
Patricia Ribeiro, senior portfolio manager at American Century Investments, says: "This award is testament to our distinct investment philosophy and ESG integration approach. It also reflects our commitment to investing in companies that fuel positive change by contributing to the United Nations’ Sustainable Development Goals (U.N. SDGs).”
“We strongly believe that impact can be accomplished without compromising investment returns. Our portfolio offers the opportunity to achieve the SDGs by investing in firms we believe can both generate an attractive financial return and drive positive societal change in regions that need it the most. The portfolio includes five main impact themes: health care, sustainable living, technological progress, education and environmental protection.”
The American Century Emerging Markets Sustainable Impact fund actively invests in companies that demonstrate accelerating growth while contributing to one or more of the U.N. SDGs. The fund aims to provide excess return above the MSCI Emerging Markets Index.