NINETY One, previously Investec Asset Management, announced June 5 the expansion of its Global Environment Fund offering to Asia. This is the company’s first fund included on the list of green and ESG funds authorized by the Securities and Futures Commission and its newly launched fund in Asia under the new Ninety One brand.
The Ninety One GSF Global Environment Fund invests in companies that are driving the low carbon transition. It takes a bottom-up approach to invest in companies with structural growth, sustainable returns and competitive advantages in decarbonization. All the companies in the fund are exposed to at least one of the three themes – renewable energy (e.g. solar energy), electrification (e.g. electric vehicles) and resource efficiency (e.g. energy efficient appliances), which are the key pathways to a lower-carbon economy.
Managed by an experienced team committed to environmental change with deep knowledge of green investing, the fund provides a distinctive opportunity for investors to participate in carbon reduction, and reflects Ninety One’s core beliefs of investing for a better tomorrow, sustainable long-term investing and active engagement.
The fund invests at least 70% of its net asset value and aims to fully invest in companies which contribute to positive environmental change through sustainable decarbonization. The companies invested in generate at least 50% of their revenues from areas linked to decarbonization such as those operating in services, infrastructures, technologies and resources related to environmental sustainability.
The fund is managed by Deirdre Cooper and Graeme Baker, both experienced professionals. Cooper brings 15 years of investment experience in the clean technology and environmental sector while Baker has nearly 10 years of experience in the sector.
Eric Fu, managing director and country head, Greater China at Ninety One, says: “We are seeing strong demand for green products from intermediaries and institutions to capture opportunities in green investing. We are excited to bring investors a truly green fund and expand our green investment capabilities to Asia.”