Aviva Investors launches climate transition fund

Aviva Investors has announced the launch of its Climate Transition Global Equity Fund in Australia, aimed at supporting the transition to a low carbon economy. 

The fund, which would be managed by Jaime Ramos Martin and climate change specialist Rick Stathers, would aim to outperform the MSCI All Countries World Index by 2% per annum on a rolling three-year basis by taking a long-term, high conviction investment approach. 

The new fund would target global companies that derived material revenues from goods and services addressing climate change mitigation and adaptation, as well as invested in those companies aligning their business models for a warmer, low-carbon world, the firm said. 

At the same time, the fund would avoid stocks exposed to coal, unconventional fossil fuels, Arctic oil and gas production or thermal coal electricity generation, and would also limit exposure to those producing oil and gas or gas-fired power generation.  

“The market failure to price in the consequences of climate change presents investors with risks and opportunities,” Jaime Ramos Martin, portfolio manager on the Aviva Investors Climate Transition Global Equity fund, said. 

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“Drawing up expertise from both our climate specialists and investment teams, we can identify not only companies that provide mitigation and adaption solutions but also companies that are building future climate change risk into their business model. This holistic approach allows us to build high conviction portfolios for clients that aim to have a positive impact on climate. 

“The launch of this Fund continues our drive to deliver superior investment performance and sustainable outcomes for clients through positive climate risk management.”