UBS launches Future of Earth fund
UBS Global Wealth Management has launched the Multi Managers Access II – Future of Earth fund, which will aim to generate a compelling return by investing in companies addressing environmental issues and related challenges.
Focusing on four themes – people, health, communities; sustainable energy; land; and water – identified by UBS GWM’s Chief Investment Office in its recent Future of Earth report, the fund seeks to select companies who are set to benefit from long-term sustainability trends, such as consumer preferences shifting towards more sustainable products. The fund is aligned to United Nations Sustainable Development Goals and takes into account environmental, social and governance risks and opportunities throughout the investment process.
Bruno Marxer, Head of Global Investment Management at UBS Global Wealth Management, said:
“In an environment of rising bond yields and increased volatility, we see an opportunity for investors looking to position for structural growth. This fund allows us and our clients to harness the power of investing towards preserving our planet for the next generation and gaining exposure to the sectors set to lead the way. Investors should consider this fund as part of a diversified long-term portfolio.”
The fund harnesses the capabilities of multiple active equity portfolio managers, each responsible for one of the four investment themes. The portfolio managers – at launch: Allianz Global Investors, Pictet Asset Management, Polar Capital, and Robeco – will each be benchmarked against a specific MSCI thematic index. The investment universe consists of equities of small, medium and large-cap companies in developed and emerging markets globally.
UBS was the first major global financial institution to make sustainable investments its preferred solution for private clients investing globally and, in April 2021, announced tougher environmental standards and a detailed roadmap for achieving net zero greenhouse gas emissions by 2050.
The Multi Manager Access II – Future of Earth fund is available in jurisdictions including Austria, Belgium, Denmark, Finland, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, and the UK.