The latest news in investments and funds from across Europe.

Bank J Safra Sarasin
Bank J Safra Sarasin has changed the name of one of its funds from JSS OekoSar Equity to JSS Sustainable Equity – Global Thematic as of 31 October 2019. 

First launched in 2005, it is now the latest fund to use the naming convention of the firm’s sustainability fund range. The name change takes into account the fund’s international clientele and better describes the fund’s investment strategy covering all ESG (environmental, social, governance) factors in equal measure, it said yesterday. 

The bank said that since Giles Money assumed management responsibility for the portfolio (with effect from 1 December 2016), JSS Sustainable Equity – Global Thematic has recorded an excess return of 10.7 per cent after cost against its reference index, the MSCI World. Over the first nine months of 2019, it has generated a performance net of fees of 28.6 per cent, 5.3 per cent ahead of the reference index placing it in the top quartile of its competitors.

The name change will not affect the fund’s investment policy.