Stockholm (NordSIP) – Rockefeller Asset Management (RAM), launched the Rockefeller Climate Solutions Fund, its third such equity UCITS vehicle, on December 9, 2020. The new fund joins the American asset manager’s line of sustainable investment solutions, which already includes US and Global ESG equity strategies.
RAM is a division of Rockefeller Capital Management. At the end of December 2020, RAM managed US$11.2 billion in assets, including ESG equity strategies and fixed income strategies, serving institutional investors, high net-worth individuals and families. According to RAM, all three of its sustainable products are available in the European market through the Rockefeller Capital Management UCITS ICAV platform. Archipelago Partners assists the investment managers with the marketing of their funds and managed accounts in the Nordics, where the funds are available to institutional and retail investors in the region.
“We are seeing growing demand in Europe for thematic investing, driven by concern about climate change, especially in the Nordic Region, which has been at the forefront of sustainable investing,” says Chip Montgomery, Head of Business Development and Corporate Strategy. “Gjensidigestiftelsen, the largest Norwegian financial foundation, is a cornerstone investor in the fund. We are proud that the fund could play a small part in the great work that Gjensidigestiftelsen is doing to promote health and safety initiatives.”
Launched nine years ago, the Climate Solutions Strategy is the result of a collaboration between RAM and The Ocean Foundation (TOF), a non-profit dedicated to conserving ocean environments around the world. Mark J. Spalding, the President of TOF, and his team help bridge the gap between science and investing by advising the portfolio managers and contributing to the engagement process.
The Rockefeller Climate Solutions UCITS is co-managed by Casey Clark, CFA, and Rolando Morillo, who lead RAM’s thematic equity strategies. It takes a high conviction, bottom-up approach focusing on companies with significant revenue exposure to key environmental sectors such as renewable energy, energy efficiency, water, waste management, pollution control, food & sustainable agriculture, healthcare mitigation, and climate support services. The strategy is only now being broadly marketed to outside investors. Over the past five years, it has outperformed the MSCI ACWI Index by 18.59% (on a net basis) in 2020 and 4.27% on an annualized basis.
“Climate change is becoming a defining issue of our time. We believe investors can generate alpha and positive outcomes by investing in companies producing climate mitigation or adaption solutions with distinct competitive advantages, clear growth catalysts, strong management teams, and attractive earnings potential,” says Rolando Morillo, Fund Portfolio Manager.