Denmark’s largest pension fund is offering a new product that gives customers the option of placing retirement savings in climate-focused investments. [...]
PFA Climate Plus will, as a starting point, “emit 60% less CO2 than the MSCI World Index and be completely CO2-neutral in 2025 at the latest,” the pension fund said in a statement. The aim is to have a CO2-negative portfolio by 2030.
PFA said it expects returns to fluctuate in the product’s initial years, because there are fewer assets from which to choose. In the long term, Climate Plus “will have the same level of risk and return expectations as” other market returns-based products.
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