Standard Life launches new fund
Standard Life Investments has announced the launch of its Global Equity Impact Fund, which will be co-managed by Sarah Norris and Dominic Byrne and will invest in companies which have the intention of “generating measurable positive social and environmental impact”.
According to the company, the fund would employ:
- A bottom-up, company-specific investment approach;
- Rigorous peer review of investment ideas at every stage in the environment process;
- A forward-looking, long-term approach; and
- Active company engagement.
The fund’s high-conviction portfolio would include 35-60 stocks of the companies who must intentionally direct its resources towards making a positive environmental or social contribution.
It would also use 17 United Nations Sustainable Development Goals (SDGs) as a framework to develop its own impact process and analysis.
Aberdeen Standard Investments’ global head of stewardship and ESG investment, Euan Stirling, said: “The world faces numerous challenges, from climate change and poverty, to inequality and pollution.
“As asset managers, we believe we can play a vital role in helping to address these issues.
“Through the Global Equity Impact Fund we aim to have a positive social and environmental impact, while still delivering an above-market financial return for our clients,” he said.
AUTHOR
Oksana Patron
Recommended for you
With BlackRock recently combining both private and public markets in a single managed account for US investors, commentators explore the challenges and opportunities of doing so in Australia.
PM Capital has hit out at Platinum Asset Management, saying the firm only provided “limited engagement” following its bid for two listed investment companies.
Platinum Asset Management has seen outflows moderate during March, down 15 per cent from the previous month when it announced two major investment team changes.
Two listing experts have shared tips for fund managers to consider when it comes to launching their first ETF on an exchange.
