UBS Asset Management and Aon have co-developed and launched a new climate transition fund.
The UBS Global Equity Climate Transition fund aims to favour companies that are better placed for the transition to a low-carbon economy and have higher sustainability characteristics than the benchmark. Aon seeded the fund with over £700m last month that had previously been invested in indexed equities in its MasterTrust and Group Personal Pension Plan. UBS AM said that the fund also tilts towards companies aligned with certain UN Sustainable Development Goals and will follow the firm's own stewardship activities such as outcomes-orientated corporate engagement programmes and aligned...
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