UBS Asset Management (UBS AM) has launched the UBS (Lux) Equity Sicav – global impact fund. This cost-efficient, open-ended, global equity fund is invested in long-term growth opportunities and is expected to deliver positive social and environmental benefits alongside steady returns.
The UBS (Lux) Equity Sicav – global impact fund (USD) aims to have a positive impact on society and the environment by investing in companies that provide solutions to major global challenges such as climate change, air pollution, water quality and scarcity, treatment of diseases and food security.
The fund will be managed by Bruno Bertocci, head of Sustainable Equity Investors at UBS AM, and will follow a highly convincing approach to create a concentrated equity portfolio of between 40 and 80 individual stocks.
It is targeting an actively managed 90% portfolio and more than 22% of the fund volume will be allocated to the ten largest individual positions. The reference index for the fund is the MSCI All-Country World index, with up to 25% of the fund’s assets being invested in small and mid-cap companies.