Fund briefs

Dexia releases ethical ETF to Paris exchange

TrackinDex, a new socially responsible exchange-traded fund from Dexia which replicates the performance of the Dow Jones Stoxx Sustainability index, has been listed on the Euronext exchange in Paris. “TrackinDex is an important addition to our existing range of sustainability funds,” said Wim Vermeir, who heads the sector for Dexia Asset Management. Dexia has been active in the field of sustainability investing since 1996. “The launch of TrackinDex reflects our strong confidence in the continued growth of this market segment,” added Mr Vermeir.

Cantonale bank network picks Threadneedle for Swiss sales Threadneedle Investments, which has enjoyed much success in the German market, has had its funds added to the distribution list for SWISSCA’s Cantonale bank network, the third largest distributor in Switzerland. This follows the launch of a selected range of Threadneedle funds for the Swiss market last December. “These third party links are an excellent way of giving clients access to a variety of funds through many different routes,” said Christian Pellis, Threadneedle’s regional sales director for Europe. Threadneedle was provisionally sold by the Zurich Financial Services Group to American Express in June. The transaction should be completed by the end of the year, subject to regulatory approval.