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).

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“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

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The coronavirus epidemic has further accelerated the rise of ESG into the investment mainstream. As deficits skyrocket, bond investors have an opportunity to engage with governments on climate change, argues Thomas Dillon, Senior Macro ESG Analyst at Aviva Investors.

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