CLICK HERE FOR VIDEOABN Amro Asset Management today announced the launch of ABN Amro Sustainable Development Fund - the first Socially Responsible Investing (SRI) fund in the country.The fund will choose from S&P CNX 500 companies filtered by Crisil based on environmental, social and corporate governance (ESG) template based on public disclosures made by these companies.Ramesh Sobti, chairman, ABN Amro Asset Management, said: "The launch of the fund represents an important milestone in ABN Amro's journey of sustainability in India."Nikhil Johri, managing director, ABN Amro Asset Management, said: "The fund seeks to invest in companies that are socially responsible and financially viable at the same time - an ideal scenario for the investor."David Morrow, global SRI product specialist, ABN Amro Asset Management, said: "We are the fifth-largest SRI player in Europe with almost euro 2 billion of assets under management including 24 SRI funds sold in Europe, Asia and Latin America."
