BNP Paribas launches Article 9 climate fund
Firm hopes to raise €500-700m (£430-602m) from investors
Firm hopes to raise €500-700m (£430-602m) from investors
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Demand for copper expected to rise due to its role in the clean energy transition
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Focused on reducing exposure to companies with high carbon intensity
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Defensive, Cautious and Balanced options added
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Will be available immediately through its MPS
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Adds to the firm’s £5.7bn global private wealth platform
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Asante will work with team of four brought over from Stewart Investors
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Fund will be first of three using sovereignty framework
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Open to UK investors following launch of Luxembourg vehicle last year
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Firm’s first launch in seven years
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The new funds will be managed by a team headed by David Zahn
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Thematic focus on circular economy and sustainable infrastructure aim to meet investor demand
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