Ninety One launches Global Environment Fund in Singapore
Ninety One, previously Investec Asset Management, has announced that it has received regulatory approval for its Global Environment Fund in Singapore.
This is its newly registered fund under the new Ninety One brand in Singapore open to retail investors, the firm said in a press release.
Ninety One sees a growing demand for green funds from investors in the region and encouragement from governments to support robust green and sustainable focused fund strategies. The Ninety One Global Environment Fund invests in companies which contribute to positive environmental change through sustainable decarbonisation, the firm reports. It takes a bottom-up approach to invest in companies with structural growth, sustainable returns and competitive advantages in decarbonisation. All the companies in the Fund are exposed to at least one of the three themes – renewable energy (e.g. solar energy), electrification (e.g. electric vehicles) and resource efficiency (e.g. energy efficient appliances), which are the key pathways to achieving a lower-carbon economy.
John Cappetta, Head of Private Banking, Asia Advisor, Ninety One, said: “We are proud that Singapore has put a lot of effort in addressing climate change. While the government and regulator are taking active steps to promote robust green and sustainable focused fund strategies, we are excited that Ninety One is playing a role in providing a long-term solution to meet the rising demand for green funds from investors in this post-pandemic era. Our Fund resonates with investors who are looking to contribute to the decarbonisation journey with the prospect of attractive long-term returns.”
The companies held by the Fund generate at least 50% of their revenues from the three pathways linked to decarbonisation. The Fund favours companies operating in services, infrastructures, technologies and resources related to environmental sustainability.
The Fund is managed by Deirdre Cooper and Graeme Baker, who have respectively over 15 and 10 years of experience in the clean technology, energy and environment sector. The investment team has direct experience of managing decarbonisation-focused strategies; and deep knowledge of the economic and investment implications of the energy transition.
Deirdre Cooper, Co-Portfolio Manager, Ninety One, said: “We have developed a proprietary screening methodology identifying companies that will benefit from moves towards decarbonisation based on environmental revenues and improving carbon data. Combined with a detailed fundamental research process and our integrated ESG research methodology, the result is a highly concentrated portfolio which allows us to actively engage with every single company we invest in.”
Graeme Baker, Co-Portfolio Manager, Ninety One, said: “As governments, businesses and consumers increase their commitment to the low-carbon transition, companies enabling decarbonisation should enjoy a multi-year tailwind, which could provide a good source of long-term returns for investors in an otherwise growth-challenged world.”
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