AllianceBernstein has broadened its sustainable fund range with the launch of two funds focused on environmental, social and governance (ESG) issues.
According to the New York-based firm, the funds invest “exclusively” in themes taken from the UN Sustainable Development Goals, and in companies that seek to address these objectives in the products and services they offer.
Both the Sustainable Global Thematic Credit Portfolio and the Sustainable European Thematic Equity Portfolio will draw on the strategy of the firm’s current sustainable funds.
According to Dan Roarty, chief investment officer of sustainable and thematic equities, interest in sustainable funds is growing at an “exponential” rate.
“Investors are increasingly taking notice of companies’ ESG exposure and behaviour and realising their important links to long-term financial performance,” he said.
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