Asset Management

What's New In Investments, Funds? - Guernsey Green Finance, UBS, Others

Editorial Staff 22 May 2019

What's New In Investments, Funds? - Guernsey Green Finance, UBS, Others

The latest in funds and investments in Europe, the Middle East and Africa.

Guernsey Green Finance and Green Finance Initiative, organisations in the jurisdiction of Guernsey and the City of London, respectively, have vowed to work together to push environmental finance. The move is part of a global trend around this approach to investing.

Representatives of the two bodies met at City Week, the international financial services conference at London’s Guildhall, this week in order to bolster ties between the sustainable finance initiatives of the two jurisdictions.

Guernsey Green Finance is the body responsible for the development of the sustainable finance sector in the island. It has developed green financial products, a regulated investment regime in 2019, and it wants to bring out regulated green insurance products.  

UBS has raised more than $93 million for Sustainable Solutions Fund III, its newly-closed growth equity fund from sustainable investment firm Generation Investment Management. The launch continues a trend of wealth managers tapping into environmental, social and governance-driven investment.

The fund aims to generate long-term returns through $50-150 million investments in high-growth, sustainable companies, defined as providing goods and services consistent with a low-carbon, prosperous, equitable, healthy and safe society. 

The fund has commitments of more than $1 billion.

The Swiss bank’s move extends its solutions that include: launching a 100 per cent sustainable cross-asset portfolio for private clients, which has $5 billion under management; pledging to raise at least $5 billion in SDG-related impact investments over five years and creating the UBS Oncology Impact Fund.

Generation Investment Management is responsible for about $22 billion in assets under management.

Hilbert Investment Solutions
Hilbert Investment Solutions has launched UK Conditional Quarterly Autocall Issue 7, a new structured product which aims to provide investors with a return of 7 per cent per annum.

The plan is now available through direct investment, Independent Savings Account or a self-invested pension plan. It aims to pay investors 1.75 per cent per quarter depending on the performance of the FTSE 100 index.

The product features a 10-year investment term capable of maturing early if the closing level of the FTSE 100 index is at least equal to 105 per cent of its opening level on any quarterly measurement date from 25 June 2021. Should this happen, then the investor will receive the income payment for that quarter, and the repayment of their investment in full at this point.

The product will be issued by Citigroup Global Markets Funding Luxembourg and administrated by Hilbert Investment Solutions. 

The maximum investment term will be up to 10 years and is linked to the performance of the FTSE 100 index. The counterparty credit rating is A+ with S&P and the minimum investment amount is £5,000 ($6,389).                     

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