JP Morgan Asset Management has launched a European sustainability fund.
Launched in December, the Europe Sustainable Equity fund is a Ucits fund that sits in the Luxembourg-domiciled Sicav range.
Benchmarked to the MSCI Europe Index and managed by portfolio managers Richard Webb, Joanna Crompton and William Johnson, the fund will invest in high quality European companies with a long-term sustainability view on attractive valuations. The aim is “to deliver strong risk adjusted performance”.
Webb says: “Companies with effective governance and superior management of environmental and social issues tend to have better profitability, operating performance, and lower costs of capital than those who do not. As active managers, we can help drive change by underscoring the importance of looking beyond quarterly capitalism to embed ESG considerations into corporate strategy.
A new sustainable investment leadership team (SILT) has been formed, led by Jamie Kramer, head of strategic product management & ESG lead for global investment management.
Kramer says: “SILT sits at the heart of our organization and taps into decades of ESG expertise across investment teams, governance specialists and clients facing advisors. It brings together insights and best practices across investment capabilities. Formalising this global leadership team creates a driving force to shape and communicate our ESG capabilities around our clients’ needs.”