Quintet Private Bank launches 'carbon neutral' fund managed by DWS

According to Quintet, the new fund is the "world's first multi-asset, carbon neutral fund", as it intends to offset associated carbon emissions through reforestation activities. Quintet Earth, which has launched with €280m in assets, replicates the Bloomberg MSCI Global Green Bond and MSCI World Low Carbon Equity Target indices with a passive structure and is managed by DWS. All green bond proceeds will be invested in projects that aim to generate positive environmental benefits, while the fund's basket of low-carbon equities will have around 70% less carbon than conventional equities...