UBS Asset Management has launched a range of funds under its ‘Climate Aware’ framework.
The new funds cover fixed income and equities with passive and active strategies:
UBS Climate Aware World Equity Enhanced Indexing;
UBS Active Climate Aware Equity (Global);
UBS USD/EUR Climate Aware Corporate Bonds;
UBS Climate Aware Corporate Bonds Enhanced Indexing;
UBS Climate Aware Government Bonds Enhanced Indexing
The UBS Climate Aware framework looks to reduce fund exposure to carbon risks and target exposure to climate-related innovation and solutions. UBS AM says the new fund range will allow clients to align their investments with commitments made at the World Economic Forum in 2020.
Barry Gill, head of investments at UBS AM, said, ‘This sends a clear message to the companies in which we invest, and allows us the opportunity to engage with these companies to help them move toward a lower-carbon future. Further, by using a consistent methodology and growing the pool of assets invested using this approach, we can drive further positive change on behalf of our clients.”