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June 25, 2020

UBS raises $440m for Rockefeller’s ESG equity fund

Swiss wealth manager UBS has raised $440m for Rockefeller Asset Management’s Global Environmental, Social and Governance (ESG) Equity fund.

The vehicle incorporates the ‘ESG improvers’ approach, offering exposure to companies that are improving their performance on material ESG issues and are likely to keep doing so.

UBS allocated to the fund through its entirely sustainable multi-asset portfolio, which exceeded $10bn this year.

ESG improvers investment is an integral part of the sustainable portfolio.

Rockefeller Asset Management CIO and president David Harris said: “An ESG improvers approach offers a convincing alternative to more traditional strategies based on identifying companies with existing leadership in ESG.”

The UCITS strategy is registered for sale in countries including Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Spain, Sweden, Switzerland as well as the UK.

It can be accessed by retail and institutional investors.

UBS Global Wealth Management head of Sustainable and Impact Investing Andrew Lee said: “In our view, investing in public companies that are changing their behaviour for the better is an important and growing area of sustainable investing.

“It also forms a core part of our 100% sustainable cross-asset portfolio for private clients.”

UBS rival Credit Suisse also has been deepening its hold on the ESG space.

Last year, Credit Suisse Asset Management unveiled plans to incorporate ESG factors into its investment process.

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