Top 1000 Funds: Pensioenfonds Metaal en Techniek, the €72 billion ($82 billion) Dutch metal industry pension fund, has introduced a new index for its €16 billion ($18 billion) developed market equity portfolio, after two years of research and development. The index has been especially constructed to integrate the investment concerns of the fund’s beneficiaries, ESG factors and long-term returns. It employs a combination of active choices and a benchmark, bringing a new dynamic to the fund’s passive strategy.