Asset Management
What's New In Investments, Funds? - Guernsey Green Finance, UBS, Others
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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
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).