BusinessTimes
HWANGDBS Investment Management Bhd is targeting annual returns of up to 12 per cent for its newly-launched Environmental Opportunities Fund (EOF).
The global equities growth fund is the first in the country that focuses on green investments, in particular renewable energies, water and waste management. The fund offers the opportunity to benefit from Sustainable and Responsible Investments (SRI) which in the last 20 years has drawn more than US$4 trillion (RM14 trillion).
Its chief executive officer and executive director, Teng Chee Wai, said the fund is targeted at risk-tolerant investors seeking to diversify their investments.
The fund's objective, said Teng, is to achieve capital appreciation over the time horizon by investing globally in companies involved in environmental markets.
EOF is externally managed by BNP Paribas Asset Management that manages 7 billion SRI funds via 20 open ended funds.According to BNP Paribas Head of Sustainable/Responsible Investment, Eric Borremans, EOF will invest in diversified companies each with a market cap of 500 million and that are active in one or several environmental markets.
About 75 per cent of the fund will be invested in Europe and North American markets. EOF has an approved size of 600 million units at 50 sen a unit. The minimum initial investment is RM1,000.
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