KUALA LUMPUR (May 17): RHB Asset Management Bhd (RHBAM) is optimistic to achieve an asset under management (AUM) of RM100 million in the first six months of the newly-launched RHB Sustainable Global Thematic Fund.
It is the first conventional fund in the market that focuses on environmental, social, and corporate governance (ESG) through a thematic approach, said RHBAM in a statement today.
Chief executive officer Eliza Ong said the RHB Sustainable Global Thematic Fund complements the diverse needs of its customers, in line with the increased interest for sustainability and ESG investing seen in recent times.
“The fund enables investors to participate in long-term sustainability-focused investment themes including climate change, healthcare and empowerment such as education and employment services, financial security and inclusion, information and communication technologies and sustainable infrastructure,” she said.
The fund invests in the shares of the AllianceBernstein Sustainable Global Thematic Fund, which covers a diversified portfolio of companies with exposure to sustainability investment themes across developed and emerging markets.
The target fund adopts clear investment processes that are rooted in the United Nations Sustainable Development Goals and integrates ESG factors in all investment decisions.
According to RHBAM, ESG investments have gained significant momentum and performed relatively well in terms of growth and value from a risk-adjusted return perspective over the last five years.
