Zurich Germany has appointed Columbia Threadneedle to manage its new European equity ESG (Environmental, Social and Governance) strategy.

The strategy is managed by Ann Steele, senior portfolio manager.

Michael Leinwand, chief investment officer at Zurich Germany, said: “We believe that proactively integrating environmental, social and governance (ESG) factors in our investing helps us to generate better long term financial returns for customers and shareholders.”

Andrew Nicoll, global head of insurance at Columbia Threadneedle Investments, said: “We have seen an increase in demand for ESG type strategies, particularly from our European clients, as investors clearly recognise the benefits that a responsible investment approach can bring.”

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