Sun Life Asset Management (HK) announced today the launch of the Sun Life AM Hong Kong ESG Index Fund. The new fund aims to track the performance of the recently created Hang Seng ESG 50 Index.
Stanley Ngan, Chief Executive Officer of Sun Life Asset Management (HK) Limited, said:
“It is prime time to launch the ESG Index Fund for a better tomorrow. We are honoured to become the first asset management house to launch a Hang Seng ESG 50 Index fund. ESG-focused index funds have been gaining momentum in recent years in the wake of growing concerns over sustainability and corporate governance issues. Assessing public companies’ ESG policies in a stringent and systematic investment process corresponds with investors’ demand of integrating their values whilst generating returns. The Sun Life AM Hong Kong ESG Index Fund offers a cost-effective solution that incorporates ESG investing into mainstream Hong Kong equity strategies.”
Launched in July 2020, the Hang Seng ESG 50 Index’s objective is to reflect the performance of top 50 ESG leaders with relatively high market-capitalization listed in Hong Kong, selected from a universe of the top 200 Hang Seng Composite Index constituents by market value. From this pool of companies, the top 50 eligible securities by ESG scores are included in the index.
Daniel Wong, Director & Head of Research and Analytics, Hang Seng Indexes Company Limited, said:
“ESG investing is gaining traction across global markets. We launched the Hang Seng ESG 50 Index to help product issuers develop investment products with a greater emphasis on ESG. We are delighted to see the number of products for investors who are interested in ESG themes continue to grow.”