VP Fund Solutions records strong ESG growth
The investment fund competence center VP Fund Solutions, which forms part of the VP Bank Group in Liechtenstein and Luxembourg, has managed to double its client base and assets under management over recent years. The group has recorded particularly high growth in the area of sustainable investments.
The VP Bank Group opened a press release issued to mark World Fund Day 2020 with the statement: “At the start of the new decade, sustainable investment continues to be a dominant trend for the global fund sector”. Overall, two-thirds of sustainable investments were made within Europe.
The VP Bank Group is active in the area of sustainable investments by way of its investment fund competence center VP Fund Solutions. The Group explains in the press release how its sites in Luxembourg and Liechtenstein cooperate in this area and, under the leadership of Eduard von Kymmel, have been operating under a single roof over the past five years. Taken together, both locations have managed to double the client base and assets under management over the past five years.
The volume ESG-compliant (Environmental, Social and Governance) funds has risen sharply over recent years, particularly in Luxembourg, the press release explains further. At the moment, Luxembourg covers around one-third of all sustainable investment funds in its role as the “No. 1 investment fund domicile in Europe” in addition to nearly 40 percent of assets under management in investment funds in Europe.
“Strategic sustainable investments will characterize the new decade, and offer outstanding prospects for further sustainable business opportunities”, explains Eduard von Kymmel, Head of VP Fund Solutions, in the press release. He believes that VP Fund Solutions is “very well prepared” for the years to come.