Brunel Pension Partnership Limited (Brunel) has appointed Jupiter and Mirova as additional co-managers to its growing Sustainable Equities portfolio, which focuses on listed equities.
The Sustainable Equities portfolio places ESG considerations at the forefront of the investment process so that managers can pursue companies that will provide a benefit to society.
The portfolio launched in 2020 with £1.2 billion in assets under management (AUM), but this has since grown to £2.5 billion, as more Brunel clients have transitioned funds.
Abbie Llewellyn-Waters, head of sustainable investing at Jupiter Asset Management, said capital allocation has the potential to play an impactful role in addressing urgent environmental and social systemic challenges.
“We are delighted that Brunel has selected our Global Sustainable Equity strategy as a partner in working towards our shared goal of transitioning to a more sustainable world,” she added.
Both Jupiter and Mirova will take on a proportion of the larger AUM and will support broader risk management.
Jupiter is looking to generate returns for scheme members that create long-term value for three key stakeholders: planet, people and profit, according to a media statement published today (22 February 2022).
Meanwhile, Mirova will deliver its innovative investment capabilities and proven track record to allow its clients to transition to a more sustainable global economy, according to Jens Peers, chief executive officer and chief investment officer of Mirova US.
“At Mirova we recognise that investors are aligning their beliefs with their investment outcomes, allocating capital to sustainable investment solutions,” he said.
David Jenkins, portfolio manager at Brunel, said: “Following the growth of the fund, we received considerable interest in the new mandates. We are delighted to add these two exceptional sustainable managers to the fund.”
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