Friday Funds: WHEB smashes through £500m mark

The latest fund developments in ESG and sustainable finance

UK-based fund manager WHEB has this week surpassed £500m in assets under management. The impact-focused investment house has a single, long-only equities strategy, which it runs through the FP WHEB Sustainability Fund. 

Welton Investment Partners has launched a new ESG fund which it claims mitigates against systemic risks such as Covid-19. Dubbed ESG Advantage, Basil Williams, CEO of Welton says it provides investors equity-like returns during bull markets and downside protection during a downturn by mitigating systemic risk.  The strategy incorporates quantitative models and best-in-class ESG data

Goldman Sachs Gives – the philanthropic arm of the bank – has created a $10m fund to support organisations addressing racial injustice, structural inequity and economic disparity. The Goldman Sachs Fund for Racial Equity will match employee donations, and donations $25 and under will be matched three to one. 

BMO Global Asset Management has announced the launch of its BMO LGM Responsible Asian Equity Fund, which will focus on core sustainability areas impacted by global shifts and emerging markets growth. Areas will include health and wellbeing; food and nutrition; energy transition; responsible finance; sustainable infrastructure; and technological innovation. The fund will be managed by BMO’s emerging markets equity specialists, LGM Investments.

Aviva Investors has launched its second equity fund aimed at supporting the transition to a low-carbon economy, which will take a long-term approach, targeting global companies that derive material revenues from goods and services addressing climate change mitigation and adaptation, as well as investing in those companies aligning their business models for a warmer, low-carbon world. The fund will not invest in stocks exposed to coal, unconventional fossil fuels, Arctic oil & gas production or thermal coal electricity generation, and limits exposure to those producing oil & gas or gas-fired power generation.

Calvert Research and Management, which recently became a subsidiary of Eaton Vance Corp, has launched its Calvert ESG Leaders Strategies, which seek to invest in existing or emerging ESG leaders in areas with links to long-term performance. Calvert will engage with companies in the strategy.

An impact fund targeting R10bn ($600m) has been launched by Ninety One to help restore South Africa’s economic health in the aftermath of the COVID crisis. London and Johannesburg-listed asset manager Ninety One, which manages £103.4bn in assets, has created the Ninety One SA Recovery Fund, in association with Ethos Private Equity, one of South Africa’s leading alternative asset managers. 

Lyxor ETF’s Lyxor Green Bond (DR) UCITS ETF now has more than €300m in assets under management, making it the world’s biggest green bond ETF in terms of AUM. The bonds invest in investment-grade green bonds denominated in euros and US dollars and are issued by supranationals, local authorities, corporations, banks and development banks. To be eligible for a bond, finance activities must be covered by Climate Bond Taxonomy and meet Climate Bond Standards criteria. Green Bond was launched in 2017 and tracks the Solactive Green Bond EUR USD IG index.