Northern Trust Global Investments' environmental, social and governance (ESG) Dublin domiciled UCITS index fund has surpassed US$1 billion in assets under management.
The international arm of Northern Trust Asset Management reached the figure six months since the first fund began.
"Investors' objectives vary considerably when it comes to ESG investing, so thoughtful product innovation and design are paramount" head of sales and client service for Northern Trust Asset Management in EMEA John Krieg said.
"Motivations range from the need to meet internal as well as external regulatory policies, or the belief that ESG companies will outperform over a long time horizon, or a requirement to manage reputational risks."
The funds combine passive indexation strategies with ESG criteria and are available to investors in Europe, Middle East, Africa and Asia-Pacific.
