UBS Global Asset Management and BB Gestão de Recursos DTVM (BB DTVM), the asset management unit of Banco do Brasil, have joined forces to offer Brazilian institutional investors access to global sustainable equities.
BB DTVM will introduce a registered feeder fund, which will help investors gain access to the UBS Global Sustainable Equity portfolio. The portfolio is managed by UBS Global Asset Management’s sustainable equities team.
It utilises a sustainable investment approach with a positive screening process that integrates material sustainability factors and fundamental valuation analysis, all in a bid to maximise total return.
UBS Global Asset Management has committed $20m to roll out the local fund.
BB DTVM president Carlos Takahashi commented: "In line with our commitment to promote the Principles Responsible Investments to our investor base, we are pleased to work with UBS to offer our clients access to global sustainable equity strategies. This initiative expands access for our clients to innovative offshore strategies carefully selected by BB DTVM, contributing to the growing diversification of Brazilian investments."