UBS launches new global climate-aware fund

Swiss-based UBS has unveiled a new passive-like, rules-based equity strategy aimed specifically at countering climate change. The passive-like, rules-based equity strategy is designed as a cost-efficient way of capitalizing on the transition to a low carbon economy, aiming to keep global warming well below 2°c as stipulated in the Paris Agreement on Climate Change.  As already demonstrated by the $1.5trn in assets committed to the Montreal Carbon Pledge, we are witnessing an increasing number of investors asking how to align their portfolio with their increasing obligations to incorpo...