Five new investment products were granted the use of a Luxflag label during the second quarter of the year, the grand duchy’s labelling agency announced on 2 July 2024. There are now 278 labelled investment and insurance products, said a press release, which have €131.99bn of assets under management.

The newly labelled investment products are: Commodity Value Chain Sustainable Investment Sub-Fund; Schelcher Global Yield 2028; Schelcher European Bank Bonds 2028; and Trill Impact--DWM SDGs Credit Fund. The Clean H2 Equipment Fund was granted the use of the Luxflag Applicant Fund Status.

These investment and insurance products are domiciled in Belgium, Estonia, France, Germany, Ireland, Luxembourg and Switzerland.

A Luxflag label is an independent, internationally recognised validation of compliance that can be used by asset managers to highlight the sustainability, ESG or impact credentials of investment products, says the labelling agency. Labels are valid for 12 months and are subject to renewal once they expire.