JP Morgan Asset Management has launched a new sustainable global macro fund.
The JPMorgan Global Macro Sustainable Fund will consist of a portfolio of long and short positions in equity, fixed income, currency and volatility. JPMAM say the fund’s selection process will be based on an ESG score for each asset class above the median of its universe and apply exclusions to certain sectors, including controversial weapons, tobacco and fossil fuels. The fund will be managed by a five-strong team including Shrenick Shah, Benoit Lanctot, Josh Berelowitz, Rose Thomas and Lucy Reid.