Stockholm (NordSIP) – Aberdeen Standard Investments (ASI) announced the launch of its new Asian Sustainable Development Equity Fund, which will invest in Asian companies aligned with the United Nations’ Sustainable Development Goals (UN SDGs).
The Luxembourg-domiciled fund will invest in a portfolio of 30-60 high-conviction Asian stocks and has initially been registered for sale in Austria, Belgium, Denmark, France, Germany, Ireland, Luxembourg, Netherlands, Portugal, Spain, Switzerland and the UK. The fund will be managed by ASI’s 50-strong Asia Pacific Equities team, which has decades of experience in the region. The team will also be supported by the central team of ESG experts as analysts within the wider Global Emerging Markets Equities team.
Alignment with the SDGs will be based on ASI’s proprietary eight-pillar framework. At the same time, the investment team will also seek to drive positive changes in corporate behaviour, increase the SDG alignment of our holdings, and encourage better disclosure of SDG alignment by companies through active engagements.
“ESG has been part of our investment DNA for almost three decades,” said Flavia Cheong (Pictured), Head of Asia Pacific Equities. “As responsible investors, we believe that supporting the SDGs creates tangible opportunities for Asian companies to contribute positively to society and the environment, while enhancing the long-term financial value of their businesses.”
“While some progress has been made towards achieving the UN’s SDG’s by 2030, people in many Asian countries are still not benefiting from growth and progress and are increasingly vulnerable to economic, social and environmental risks,” David Smith, Head of Corporate Governance – Asia Pacific, added. “By investing in companies based or operating in Asia Pacific economies, which are strongly aligned to the UN’s SDGs, this new Fund seeks to deliver both attractive return for our clients and a positive societal impact – where it matters most.”
Image courtesy of Aberdeen Standard Investments