J. Safra Sarasin renames flagship fund to reflect ESG investment strategy
Bank J. Safra Sarasin has changed the name of its flagship fund JSS OekoSar Equity - Global to JSS Sustainable Equity - Global Thematic as of 31 October 2019.
First launched in 2005, it is now the latest fund to use the naming convention of J. Safra Sarasin's sustainability fund range. The name change takes into account the fund's international clientele and better describes the fund's investment strategy covering all ESG (environmental, social, governance) factors in equal measure.
Since Giles Money assumed management responsibility for the portfolio (effective 1 December 2016), JSS Sustainable Equity - Global Thematic has recorded an excess return of 10.7% after cost against its reference index, the MSCI World. Over the first 9 months of 2019, it has generated a performance net of fees of 28.6%, 5.3% ahead of the reference index placing it in the top quartile of its competitors.
Oliver Cartade, head of Trading, Treasury & Asset Management Division, said: "The JSS Sustainable Equity - Global Thematic is an expression of our long history of sustainable investment expertise combined with our successful multi-thematic investment philosophy. The change in name reflects the fund's scope. We are pleased to see the increased interest by clients in the ESG investment strategy, as evidenced by the recent increase of assets under management."
The name change has no impact on the investment policy of JSS Sustainable Equity - Global Thematic, and fund manager Giles Money continues to be responsible for the performance success of the flagship product.
