Fund Management
What's New In Investments, Funds? - UBS, Rockefeller
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The latest in funds and investment news from across the world.
UBS is investing in
Rockefeller Asset Management's Global Environmental, Social and
Governance (ESG) Equity fund, the Swiss banking group announced
yesterday.
The Zurich-listed firm allocated to the fund directly through its
100 per cent sustainable multi-asset portfolio, which surpassed
$10 billion in size earlier this year. The fund is also available
to UBS Global Wealth Management clients in specific locations as
a standalone investment.
Across these channels, UBS has raised $440 million so far for the
product, which remains open to investment from its clients in the
relevant regions.
The Rockefeller Global ESG Equity strategy takes an "ESG
improvers" approach, seeking to identify and invest in the equity
of listed companies which are improving their performance on
material ESG issues and are likely to continue doing so.
"In our view, investing in public companies that are changing
their behaviour for the better is an important and growing area
of sustainable investing. It also forms a core part of our 100
per cent sustainable cross-asset portfolio for private clients.
By improving their social and environmental performance, firms
can mitigate risks, support their brands, and take advantage of
sustainable business opportunities," Andrew Lee, head of
sustainable and impact investing at UBS Global Wealth Management,
said.
The fund is a UCITS product and is available to both retail and
institutional investors. The fund is registered for sale in
various countries including Denmark, Finland, France, Germany,
Italy, the Netherlands, Norway, Spain, Sweden, Switzerland and
the UK.