Fund Management

What's New In Investments, Funds? - UBS, Rockefeller

Editorial Staff 25 June 2020


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.

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