Asset manager Northern Trust has unveiled a sustainable real estate index and fund in conjunction with the Global Real Estate Sustainability Benchmark (GRESB). The index, available exclusively to Northern Trust Asset Management investors, was created to provide a passive approach to real estate investment that takes into account environment, social and governance (ESG) factors. The index will passively manage a new Dutch-based pooled fund that was also launched. “REITs are one of our most important asset classes for investors looking at investing in property as an alternative to equities,” said Mark McGlone, managing director of Northern Trust.
Asset manager Northern Trust has unveiled a sustainable real estate index and fund in conjunction with the Global Real Estate Sustainability Benchmark (GRESB). The index, available exclusively to Northern Trust Asset Management investors, was created to provide a passive approach to real estate investment that takes into account environment, social and governance (ESG) factors. The index will passively manage a new Dutch-based pooled fund that was also launched. The GRESB offers sustainable real estate assessment, which Northern Trust will use for its passive investors’ returns from their global assets.