The Positive Change Fund will be managed by Lee Qian and aims to outperform the MSCI ACWI by 2% annually, the firm revealed on Monday.
It will invest in companies actively trying to make a positive impact on the world rather than simply filter out firms perceived to cause harm.
Qian said these companies will see rising demand for their products and services in the coming years.
“We believe that businesses and innovations have the potential to make tremendous improvements to people’s lives,” he said.
“By focusing on a subset of those companies that enjoy sustainable competitive advantages and are run by committed management teams, we aim to deliver attractive investment returns over the long term,” Qian added.
The fund will focus on investments in companies helping promote social inclusion and education, supporting the environment, improving healthcare and quality of life and improving life for people at the bottom of the economic pyramid.
The portfolio will be made up of between 25 and 50 ‘bottom up’ stocks from these areas and has an estimated ongoing charge of 0.65% for class B shares.
Active share is currently 98%.
