Jupiter Asset Management’s £702m Jupiter Ecology fund will take on the FCA’s sustainability focus label, one of the four SDR investment labels, by 2 December.
The new labels under the FCA’s SDR regulation include sustainability impact, sustainability focus, sustainability improvers, and sustainability mixed goals. The ‘focus’ category is intended for products that meet a “robust, evidence-based standard of sustainability”, according to the FCA.
Launched in 1988, the Jupiter Ecology fund invests across six sustainability themes, including clean energy, green mobility, sustainable oceans and freshwater systems, green buildings and industry, sustainable agriculture and land systems, and the circular economy.
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Over the past five years, the fund has returned 61.4%, above the sector average of 50.4%, according to FE fundinfo. It has been managed since 2021 by Jon Wallace, who joined Jupiter in 2009 as an analyst.
“Our longstanding philosophy is that as environmental issues become ever more pivotal to global development, so too will environmental solutions in their marketplaces, providing a potential source of strong long-term investment returns,” Wallace said.
“As a founding participant in the sustainability investment landscape, we look forward to continuing to capitalise on the related opportunities on behalf of our clients with the additional transparency that the new label provides.”
Kiran Nandra, head of equities at Jupiter, added: “We welcome the clarity that this new label will provide for many clients. As stewards of our clients’ capital, we have a duty to manage their assets in a transparent and responsible manner, making informed decisions and aiming to conduct effective engagement. After careful consideration of the available labels, Sustainability Focus closely aligns to the Fund’s longstanding approach and client proposition.”
