JP Morgan Asset Management (JPMAM) has launched its Climate Change Solutions Fund to be managed by Francesco Conte, Yazann Romahi and Sara Bellenda.
The fund is the firm’s first EU SFDR Article 9 SICAV fund and will invest in “forward thinking companies” that the managers consider to be developing and scaling solutions that address climate change.
The companies, JPMAM said, could include those that produce clean energy such as wind, solar, or hydro, or those that invest in less carbon-intensive forms of agriculture or construction.
They also include investments in sustainable forms of transportation and developing technologies to reduce waste.
The Climate Change Solutions fund will use JPMAM’s natural language processing tool, ThemeBot, with screens almost 13,000 stocks globally.
The portfolio will comprise of the managers’ highest conviction ideas and at launch, will have between 50-100 holdings.
Massimo Greco, Head of EMEA Funds at JPMAM, said: “By combining artificial and human intelligence, our strategy seeks to capture innovative investment opportunities and technologies facilitating the low carbon transition.”
The C-share class will have a total expense ratio of 75 basis points.
JPMAM launched a UK OEIC in June 2021. In addition to the OEIC and SICAV, the firm is also seeking to launch a UCITS ETF, incorporating the Climate Change Solutions investment strategy in 2022, subject to regulatory approval.
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