Columbia Threadneedle has announced that UBS Global Wealth Management (UBS GWM) has invested into its newly launched Sustainable Global Equity Enhanced Income strategy.
The fund, which is registered for sale in Singapore, was launched in late August and has a combined yield target of between 4% and 8% per annum.
The main purpose of the strategy is sustainability themes and the fund aims to identify 30-50 companies that stand to benefit or contribute to sustainable development trends.
Nick Henderson and Columbia Threadneedle’s broader global equities team have pinpointed seven megatrends including energy transition, health and wellbeing and sustainable cities.
Unlike a lot of other funds, the Columbia Threadneedle strategy has more of a value tilt.
“Sustainability is a key fundamental trend that will continue to shape markets, in our view. We are, therefore, pleased to bring to life this new sustainable investment solution in collaboration with an esteemed industry partner, to offer our clients exclusive access to a strategy that is aligned with market trends and contributes to portfolio diversification,” said Bruno Marxer, head of global investment management at UBS GWM.
“We’re proud and grateful that UBS GWM has yet again entrusted Columbia Threadneedle with its assets, investing in another of our new sustainable strategies. UBS GWM’s contribution takes the strategy to a critical size straight away, allowing the portfolio manager to invest meaningfully and opening the strategy to other potential investors,” said Michaela Collet Jackson, head of distribution for Europe, the Middle East and Africa at Columbia Threadneedle.
“Working closely with our client, we’ve launched a strategy that provides the enhanced income element which investors are so keen to capture in the current persistent inflationary environment and does so in a differentiated sustainable portfolio.”