Natixis Global Asset Management L.P. plans to launch a series of target-date mutual funds that follow a sustainable investment strategy and are the first of their kind, the company said.
The 10 funds, which are expected to launch in the first quarter of 2017, have target dates in five-year increments up to 2060. The funds will select securities based on environmental, social and governance criteria.
The funds will be advised by NGAM Advisors LP and subadvised by Natixis Asset Management U.S. LLC. Wilshire Associates Inc. was also named a subadviser to the funds.