UBS AM launches Luxembourg-based Global Impact Equity fund 

UBS Asset Management has launched a new Global Impact Equity fund that it says was designed to create a “positive impact” on human well-being and environmental quality.

UBS AM said in statement that the US dollar-dominated UBS (Lux) Equity SICAV – Global Impact Fund will be  anopen-ended, actively managed fund, investing in “long-term growth opportunities which aim to generate a positive social and environmental impact, alongside a consistent financial return”.

UBS AM said that it has developed a “bespoke methodology” that measures the positive impact of equities on issues fundamental to impact investing, through working with a number of  academic scientists on the project.

The fund aims to demonstrate a “positive and tangible impact on human well-being and environmental quality” by investing in companies that provide solutions to global challenges such as climate change, air pollution, clean water and water scarcity, treatment of disease and food security.

40-80 stocks

The fund will be managed by Bruno Bertocci, head of the Sustainable Equity Investors team at UBS AM and will adopt a high-conviction approach to running a concentrated portfolio of between 40 and 80 stocks.

It will have a target active share in excess of 90% with over 22% invested in its top ten holdings. While its benchmark is the MSCI All-Country World index, up to 25% will be in invested in small and mid-cap companies.

“This fund is the result of a project that I think will be most influential and most interesting in the years ahead; a project that actually developed a quantitative framework to measure the external impact of public companies on society,” said Bertocci.

Gary Robinson
Head of Video and Ezines at Open Door Media Publishing. Deputy Editor, International Investment. An experienced journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as a fully qualified IFA, Gary works across both International Investment and InvestmentEurope titles. Previous video production credits include projects on BBC, C4 and SKY.

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