MetLife Unit to Buy ESG-Manager Affirmative Investment
August 29 2022 - 8:44AM
Dow Jones News
By Will Feuer
MetLife Inc. said its asset-management arm has agreed to buy
Affirmative Investment Management, an investment manager
specializing in global environmental, social and corporate
governance.
MetLife said the deal would advance MetLife Investment
Management's ESG investment and reporting capabilities.
"By combining AIM's expertise with MIM's commitment to
sustainable investing, we will be even better positioned to provide
comprehensive insight and counsel to clients and consultants on ESG
considerations," MetLife Chief Investment Officer Steven Goulart
said.
As of June 30, Affirmative Investment Management had $1.01
billion in assets under management, the companies said.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
August 29, 2022 08:29 ET (12:29 GMT)
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