In new statements on the extent of greenwashing in the fund management industry, Desiree Fixler highlights some uncomfortable truths about sustainable investing.
The Global Innovators Fund is UBS Global Asset ManagementÆs second open-end mutual fund In Taiwan and is its latest socially responsible investment (SRI) portfolio. The companyÆs SRI funds provide investors with products aimed at offering sustainable growth by incorporating social and environmental criteria in addition to conventional financial-analysis factors.
The fund focuses on investing in small- and mid-cap companies which specialise in developing innovative products and services that contribute toward providing alternative solutions in the three key areas of energy, water and demography. Denominated in Taiwan dollars, the fund is expected to raise up to NT$6.5 billion ($200 million)
ôIn the energy area, due to the climate change, companies that efficiently convert geothermal energy into electricity are likely to gain in significance as their methods become more sophisticated and demand for their capabilities increase,ö says Evelyn Yeh, a portfolio manager at UBS Global Asset Management (Taiwan) Limited.
ôCompanies that contribute towards sewage treatment, remove impurities from water so it becomes drinkable and the desalination of sea water are also likely to be particularly successful over the long-term,ö she adds. ôIn the area of demographics, the growth market of organic food is particular appealing while health care service firms that help reduce health care costs also look promising.ö
UBS Global Asset ManagementÆs SRI team, the investment advisor of the fund, was established over 10 years ago and manages more than $2 billion in SRI strategies. The companyÆs total assets under management worldwide is around $750 billion.
In January this year, UBS Global Asset Management launched the UBS Asian Real Estate Securities Fund in Taiwan, which targeted the growth potential of the Real Estate Investment Trust (Reit) market in Asia-Pacific.
CDPQ's Ivanhoe Cambridge hires ex-GIC real estate expert; NZ Super adds board member; Future Fund appoints chief people officer; BlackRock real estate CIO joins Singapore's Capitaland; AMP Capital hires MD for energy; Northern Trust AM names new CIO; T Rowe Price hires AU and NZ institutional head; Nuveen hires Southeast Asia institutional head; Citi names sustainability head in Singapore; and more
Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.