UBS Asset Management Unveils New Global Sustainability Fund

Oct 26 2017 | 8:43pm ET

UBS Asset Management has reportedly unveiled a new liquid alternative fund that will focus on global impact and sustainability.

The new fund, named the UBS (Lux) Equity SICAV – Global Impact fund, is domiciled in Luxembourg, according to an article in Citywire. It debuted in mid-October and will seek to invest into undervalued companies in both emerging and developed markets that score highly on sustainability metrics and/or provide products and services that combat global challenges such as climate change, air pollution, clean water and water scarcity, treatment of disease and food security.

The new fund will be managed by Bruno Bertocci, head of the sustainable equity investors team at UBS Asset Management. In a push towards responsible investing within UBS AM, the company hired a team earlier this year to focus on sustainable investments, while also making a commitment to allocate some $5 billion of client assets into impact investments related to the UN’s Sustainable Development Goals over the next five years. 

UBS Asset Management managed some CHF 703 billion in assets as of June 30, 2017, and ranks as the second-largest fund of hedge funds manager in the world. 

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