Aberdeen Standard Debuts Global Impact Investing Fund

Oct 18 2017 | 8:39pm ET

The Standard Life Investments unit of Aberdeen Standard Investments has launched its first impact-oriented fund aimed at prioritizing environmental, social and governance criteria within a high-conviction global equity portfolio. 

The new fund, named the Global Equity Impact fund, will be co-managed by portfolio managers Sarah Norris and Dominic Byrne, according to an article in Citywire. Following an impact investing mandate, the fund will target companies whose social and environmental impact are positive and measureable, and further invest in firms whose activities, services or products provide social benefits, such as healthcare, poverty reduction or education. 

The company used the 17 United Nations Sustainable Development Goals as a model for process and analysis, the article said. The fund is expected to carry 35-60 high conviction equity positions, with 30% reportedly allocated to North America and Europe ex-UK and 15% to the UK and emerging markets. 

The new fund is passported for sale in several European markets, including Austria, Finland, France, Germany, Luxembourg, Netherlands, Ireland, Spain, Sweden, Switzerland and the UK.

Headquartered in London, Aberdeen Standard Investments was created by the $4.7 billion merger of Standard Life and Aberdeen Investment Management earlier this year. With £583 billion in AUM, the company is one of the largest investment companies in the world and the second-largest active manager in Europe. 

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