Kuala Lumpur-based Affin Hwang Asset Management has launched a wholesale feeder growth fund that offers access to opportunities in global equities that will benefit from efforts to transition into a low-carbon economy.

Affin Hwang World Series – Global Climate Change Fund will feed into a collective investment scheme, namely the Schroder International Selection Fund Global Climate Change Equity, which is managed by Schroders.

To achieve its investment objective, the fund will invest a minimum of 80% of its net asset value into the target fund and a maximum of 20% into money market instruments, deposits and/or cash.

Chan Ai Mei, chief marketing and distribution officer of Affin Hwang AM, says: “With coordinated efforts by governments to tackle climate change, especially as the United States officially re-joins the Paris Climate Agreement, we see opportunities in this space as governments pledge to increase fiscal spending towards clean energy and green infrastructure. Investors can participate in this theme through our newly launched fund to not only tap into climate change winners, but also solve a global crisis together.”

Lily Choh, Schroders’ deputy chief executive officer and head of distribution for Southeast Asia, adds: “Climate change will be the defining driver of the global economy, society and financial markets in the coming years, and the time for action is now. In order to meet the climate targets set out in the Paris Agreement, there is urgent need to reallocate significant capital towards investments that will accelerate our transition towards a low-carbon economy.”