JP Morgan launches Europe sustainable equity fund
JP Morgan AM launched Europe sustainable equity fund in their Luxembourg-domiciled SICAV range. The fund is benchmarked to the MSCI Europe index and managed by portfolio managers Richard Webb, Joanna Crompton and William Johnson.
Europe Sustainable Equity Fund’s approach, anchored in JP Morgan’s European behavioural finance investment process, will focus on identifying attractively valued, high quality European companies whose governance fosters a long term sustainability view. Companies will be evaluated by their performance on material ESG issues, with the goal to deliver strong risk adjusted performance with exposure to the most sustainable companies, and catalyse improvements through constructive engagement in active dialogue with company management.
“Companies with effective governance and superior management of environmental and social issues tend to have better profitability, operating performance, and lower costs of capital than those who do not. As active managers, we can help drive change by underscoring the importance of looking beyond quarterly capitalism to embed ESG considerations into corporate strategy. Over time, our intention is to use targeted engagement – leveraging the strong track record of our Corporate Governance Team – to help companies improve standards and practices to become more sustainable and ultimately create more value for shareholders, stakeholders and wider society,” said Richard Webb.
“With the proliferation of ESG data and tools in the marketplace, growing interest from investors, and the progress we are making through SILT, now feels like the right time to communicate our sustainable investment expertise with clients,” commented Kramer.