Geneva-based Union Bancaire Privée (UBP) has launched an impact equity fund focusing on emerging markets.
The UBAM – Positive Impact Emerging Equity intends to generate a “measurable social and environmental impact” alongside a financial return by investing in listed companies in emerging market countries.
Emphasis will be placed on innovative companies with strong growth potential that are looking to drive positive change, according to the firm. Initial investments will include companies involved in renewable energy and energy storage, transport disruption, life/health insurance innovation and microfinance.
The fund will be co-managed by head of emerging equities Mathieu Nègre and emerging equities portfolio manager Eli Koen. The portfolio will comprise 35 to 35 high conviction emerging market stocks.
Nicolas Faller, co-chief executive of asset management at UBP, said: “In the midst of the ongoing public health crisis, which is having such devastating outcomes, the long-term importance of impact investing is now even clearer, since it is one of the ways we can address areas in which we are currently falling short of our social goals.”
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