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13 February 2012

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Swiss bank Sarasin launches world's first sustainable property fund

Basel-based private bank Sarasin is launching what it calls the world's first fund to specialise in shares of sustainable property companies, the Sarasin Sustainable Equity - Real Estate Global Fund. The bank gave no details of target equity or AUM, but said it is a rollup vehicle, retaining dividends, and will be managed out of London. The fund is a repositioning of the Sarasin Real Estate Equity - IIID, and takes into account environmental and social criteria.

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