Pictet has launched a fund that invests in publicly-quoted companies expected to generate long-term ...
Pictet has launched a fund that invests in publicly-quoted companies expected to generate long-term added value through environmentally-aware and socially-responsible conduct.
The manager of the Pictet Targeted Fund ' Sustainable Equities Europe will analyse to what extent traditional sustainability criteria help to create long-term added value for the company.
Product developer, Christopher Schweizer, said: 'Companies that follow a holistic management concept and are capable of combining their social and environmental initiatives with a successful business model can expect to achieve higher than average growth.'
The fund will operate using the Pictet Sustainable Value Chain (PSVC), an analysis framework developed to identify companies capable of uniting sustainability with financial success. It is also advised by independent experts in sustainability.
Analysis is currently carried out for the majority of MSCI Europe companies, with local analysts collating the data using defined methodology.
Pictet assesses the data to judge how effective each company is for creating sustainable added value, and gives each a PSVC rating.
The portfolio will include around 80 European stocks that have the highest PSVC ratings in their sectors, taking into account stock and portfolio risk.
The initial subscription in the fund is 16 September to 27 September. It will be fully invested as of market close on 30 September.
The issue price for each fund unit is e100 and the first published NAV will be on 1 October.
Pictet Funds, which was established in 1997, is the mutual funds distribution arm of Pictet Group. It distributes more than 60 investment funds with e16bn of assets under management.
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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