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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