Bank of the Philippine Islands subsidiary BPI Asset Management and Trust Corp (BPI AMTC) has launched three US dollar-denominated, UN Sustainable Development Goal-aligned unit investment trust funds.

The BPI Invest Sustainable Global Bond, Balanced and Equity Fund-of-Funds are the first in the country, the company says, to employ a multi-theme and multi-asset approach to provide investors with opportunities to grow their wealth, while contributing to the creation of a more sustainable world.

The three funds, launched in response to increased customer demand, aim to address sustainability issues and goals, such as climate change, renewable energy, resource efficiency, all while seeking to deliver long-term financial returns.

“Investors have now matured in their preferences and are searching for investments that are not only profitable but also impactful," says Sheila Marie Tan, president and CEO of BPI AMTC.

The minimum initial subscription for each of the three funds, available for both retail and corporate investors, is US$1,000, while every subsequent transaction is pegged at a minimum of US$500.

Under a fund-of-funds structure, each of the funds will invest in a carefully selected portfolio of global target funds that adhere to the highest environmental, social and governance (ESG) standards, or are otherwise directly tied to sustainability projects and other enabling initiatives.

To ensure that the funds will be invested in best-in-class companies, BPI AMTC says it has partnered with notable global asset management firms like Janus Henderson Investors, Schroder Investment Management, Wellington Management, JPMorgan Asset Management and PIMCO.

To date, some 50 billion pesos (US$955.93 million) of BPI AMTC’s 900 billion pesos of assets under management, the company says, have “some form” of ESG compliance.