New Emerging Impact Fund Investment at AP1

    Stockholm (NordSIP) – The Swedish state-driven pension fund AP1 just announced that a fruitful collaboration with BlackRock has led to an investment in the firm’s new Emerging Market Equity Impact Fund. BlackRock’s Systematic Active Equity (SAE) team build the strategy, which combines data-driven return and sustainability insights. The portfolio is highly diversified and the vehicle is a UCITS fund, available for professional investor interested in measurable social and environmental impact.

    The team behind the fund use the latest technologies like data science techniques and machine learning to help discover investment opportunities. Assets under management for this team alone are already over $100 billion (as of 31 December 2017).

    “As an asset owner, we are constantly looking at how we can improve our portfolio from a sustainability point of view whilst targeting the returns we need for the pension system. Integrating ESG into investment processes has for a long time been our preferred route, and the use of differentiated, sustainability insights is no longer an obstacle in the emerging markets. We are therefore very pleased to see that our discussions with BlackRock have evolved into the development of this innovative new fund, open to other professional investors as well, where technology can help improve not only investment but also sustainability insights,” comment Majdi Chammas, Head of External Asset Management and Tina Rönnholm, Portfolio Manager, External Management at AP1, in a press release.

    “We see a strong interest from clients who want to incorporate portfolio level sustainability considerations alongside traditional financial return targets for all their addressable investment universes including emerging markets.  We are pleased to have the capabilities to deliver this solution for AP1, and respond to the sentiment being expressed by investors, especially in the Nordic region, to expand the sustainable investment universe,” says Debbie McCoy, Managing Director and Co-Portfolio Manager, head of Sustainable Investments within the SAE team at BlackRock.

    Picture © AP1

    Aline Reichenberg Gustafsson, CFA
    Aline Reichenberg Gustafsson, CFA
    Aline Reichenberg Gustafsson, CFA is Editor-in-Chief for NordSIP and Managing Director for Big Green Tree Media. She has 18 years of experience in the asset management industry in Stockholm, London and Geneva, including as a long/short equity hedge fund portfolio manager, and buy-side analyst, but also as CFO and COO in several asset management firms. Aline holds an MBA from Harvard Business School and a License in Economic Sciences from the University of Geneva.

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