AmInvest Launches Global Lower Carbon Equity Fund
Tuesday, 23 May 2023 - AmInvest has introduced its Sustainable Series – Global Lower Carbon Equity Fund (“Fund”), which is a long-term capital growth fund. The Fund will feed into HSBC Global Investment Funds – Global Lower Carbon Equity (“Target Fund”), which 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) funds1 under the Sustainable Series that AmInvest has already launched.”
Ms. Goh Wee Peng, Chief Executive Officer of AmFunds Management Bhd, said, “This latest new Fund is created for investors who are responding to the climate challenge by adopting strategies to lower the carbon impact of their investment portfolios. To reduce climate risks, companies are gearing up for the transition to a climate-resilient and low-carbon economy. The transition to a lower-carbon economy will support innovative companies which are driving solutions to the climate challenge and creating positive investment opportunities in the process.”
“In order to promote effective stewardship towards the delivery of sustainable long-term value to investors, we have pledged our commitment towards the United Nations-supported Principles for Responsible Investment (UNPRI). We are also signatories to the Malaysian Code for Institutional Investors,” she added.
The sustainability objectives, embedded in the Target Fund, aim for a stronger overall Environmental, Social and Governance (ESG) 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.
AmInvest is the brand name for the fund management business of AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd. For more details on the Fund’s features and risks, please refer to the AmInvest Information Memorandum for Sustainable Series – Global Lower Carbon Equity Fund dated 23 May 2023 via aminvest.com.