Major KLP, Folksam, Nordea, DNB funds not placed to profit in a low-carbon future

Economic changes taking place around the world aimed at reducing carbon emissions are likely to hit the underlying assets of the largest global equity funds, according to Morningstar.

Of the five largest Nordic-domiciled global equity funds is Skagen's Global A the only one to obtain Morningstar's Low Carbon Designation. | Photo: PR: Skagen fondene

Investment research firm Morningstar's new Carbon Risk Score rates how a fund is likely to be impacted by the transition to a low-carbon future.

In the rating scheme, a fund is given a low-carbon designation when Morningstar rates the fund's carbon risk score below 10 and the fossil fuel exposure less than 7 percent, using an emblem resembling a green leaf.

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