Press release: Wellington Management Launches Climate Strategy UCITS Fund
The Fund aims to invest in companies the investment team believes are successfully mitigating or adapting to climate change.
London, UK, 7 November 2018 – Wellington Management today announced the launch of the Wellington Climate Strategy Fund (“the Fund”). This UCITS-compliant equity Fund seeks long-term total returns by investing globally, primarily in companies the investment team believes are directly addressing environmental sustainability or climate risks through their products, services or capital. Examples of themes that will be considered for the Fund include low-carbon electricity, energy efficiency, water and resource management, and low-carbon transport. This latest Fund launch expands Wellington’s range of sustainable investment UCITS solutions.
The Fund will be managed by Alan Hsu, Global Industry Analyst (GIA), who has 10 years’ tenure at Wellington conducting fundamental analysis and research on the utilities, energy and renewable energy, and clean-technology sectors. He works closely with Wellington’s team of experienced GIAs, and also accesses insights from the firm’s Environmental, Social and Corporate Governance (ESG) Research team. Alan is also able to incorporate insights from Wellington’s recently announced partnership with Woods Hole Research Center, the world’s leading independent climate-research institute.
Fund Manager Alan Hsu said: “We believe climate science, public policy and technology improvements will move us to a low-carbon future, with clear winners and losers along the way. Efforts to mitigate carbon or adapt to its impact across all sectors and regions create both risks that should be hedged and opportunities for potential long-term capital investment.”
Stefan Haselwandter, Senior Managing Director, Head of EMEA Client Group, said: “At Wellington, we recognise that a global transition towards a lower-carbon economy is under way. Our commitment to sustainable investing is highlighted by our strategic partnership with Woods Hole Research Center, the world’s leading independent climate-research institute. The aim of this partnership is to integrate climate science and asset management, helping to meet growing institutional and wholesale demand for sustainable investing. With this expansion of our UCITS fund platform, we believe Wellington continues to offer investors the flexibility to pursue a wide range of investment objectives.”
About Wellington Management
Tracing its history to 1928, Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,200 institutional and private clients located in more than 60 countries and managing over USD 1 trillion of assets*.
Wellington offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. The firm’s only business is investment management and its mission is to exceed the investmentobjectives and service expectations of its clients worldwide. Wellington’s solutions draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate.
*For Wellington Management group of companies as at 30 June 2018.
Notes for Editors
For professional investor/ trade press only. The Fund is registered for public marketing only in the following jurisdictions: Austria, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, UK.