GIB Asset Management launches Sustainable World Fund10/21 GIB Asset Management
London: 12 October 2021: GIB Asset Management (“GIB AM”), the UK based sustainable asset manager with $12bn in AUM, announced the launch of the GIB AM Sustainable World Fund (the “Fund”). The Fund is part of the Amundi UCITS Fund Partners ICAV, an Irish domiciled UCITS collective investment scheme.
The Fund will be managed by Neil Brown, Head of Equities, who has pioneered the integration of sustainability into investment for more than 18 years. Neil leads a team of 6 with over 75 years of combined investment and engagement experience.
The Fund aims to outperform the MSCI World Index through investment in global equities that the team believe can create value, while having a positive impact on sustainable development. The Fund will be diversified yet concentrated on the manager’s best ideas, namely the companies that we believe can outperform their peers by sustainably solving the greatest challenges of our time.
The Fund will initially be available for institutional investors in Ireland, as well as other countries in due course, and will be classified as a Sustainable Finance Disclosure Regulation (SFDR) Article 9, the highest standard in terms of sustainability, which further emphasises GIB AM’s commitment to scale and mobilise capital in support of sustainable development. The Fund will soon be part of the 2.8%* of Funds in the EU classified as Article 9.
Neil Brown, Head of Equities, commented: “Our robust investment process integrates value-creating sustainability at its heart. We employ a six-stage approach to find the businesses whose products are solving the greatest challenges of our time, whose operations are sustainable and who can use this to outperform their peers. We believe in creating a financial return for our clients through companies creating a better world to enjoy them in.”
Katherine Garrett-Cox, CEO, further added: “We believe that strong financial returns are generated by putting a positive impact at the heart of the investment process, and this fund really puts that idea to work. This launch is therefore a significant milestone for our firm in that it is the next step towards leading the way in sustainable investing and building it into everything we do.”
*Source: Morningstar Direct. Data as of 10 July 2021. Based on SFDR data collected from prospectuses on 81.6% of funds available for sale in the EU, excluding money market funds, funds of funds, and feeder funds.
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