AmInvest has introduced its Sustainable Series – Global Lower Carbon EquityFund, which is a long-term capital growth fund that will feed into HSBC Global Investment Funds – Global Lower Carbon Equity.
The fund invests in a well-diversified portfolio of global companies across developed markets that have an overall lower exposure to carbon-intensive businesses.
Commenting on the launch, Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group, said, “The new Fund is in line with AmBank Group’s commitment to sustainability and adds to the five other Sustainable and Responsible Investment (SRI) funds 1 under the Sustainable Series that AmInvest has already launched.”
The sustainability objectives, embedded in the Target Fund, aim for a stronger overall Environmental, Social and Governance profile and a significant reduction in carbon emissions relative to the Fund’s Benchmark (MSCI World Index). These targets, an enhanced overall ESG score and a lower-carbon intensity, are integrated directly into the investment process, to help better manage climate and ESG risks and opportunities. The Target Fund employs a multi-factor quantitative investment process that seeks to deliver outperformance through focused exposure to multiple factors, such as value, quality, momentum, low-risk and size. The Target Fund’s multi-factor framework aims to maintain a proper and effective diversified factor exposure to help deliver a potentially less cyclical performance across the different economic and market regimes.
The Fund’s base currency is United States Dollar (“USD”). It is being offered for subscription to sophisticated investors in USD, Ringgit Malaysia (“RM”) and in RM-Hedged classes at the initial offer prices of USD1 and RM1 per unit respectively during the initial offer period until 12 June 2023.
