HSBC Asset Management announced today the launch of the HSBC GIF Global Equity Circular Economy fund, investing in companies that are enabling the transition to a circular global economy.
Aimed at delivering against all 17 of the UN Sustainable Development Goals (SDGs), the new fund will be classified as Article 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR).
The fund will be managed by Benedicte Mougeot, Portfolio Manager & Head of Climate Equity at HSBC AM and Co-Portfolio Manager Francois Travaille.
“We’re launching this fund to help finance the transition to more sustainable ways of dealing with resources and waste whilst giving investors access to a unique investment opportunity.”
Companies targeted for investment by the new fund will be involved in designing out waste and pollution, keeping products and materials in use and regenerating natural systems. The fund will utilize a bottom-up, high conviction stock selection approach, holding around 60 companies, with no fixed allocations across geographies, sub-subsectors or company stages.
Erin Leonard, Head of Sustainability, HSBC Asset Management said:
“We use the equivalent of 1.8 planets for resources each year and critical resources are becoming increasingly scarce. We need for businesses to be smarter in their production and consumption models. This fund will support companies that are leading the way in this incredibly important area of innovation.”