JPMorgan Asset Management (JPMAM) launched a sustainability and healthcare fund in Singapore to increase its offerings in one of Southeast Asia’s asset management and banking hubs, according to an official press release.
The Climate Change Solutions Fund invest in companies that are making a clear effort to produce products and services to combat climate change in Asia.
Sherene Ban, CEO of Singapore and Southeast Asia, JPMAM, said in a statement, “By reflecting the carbon transition in portfolios now, we believe investors will be better placed in the future to manage risks, capture opportunities and contribute to a carbon-neutral world while generating financial returns,”
The $87.6 million fund was created in December last year. It invest in five key investment themes:
- Renewables and electrification firms
- Sustainable forms of transportation firms
- Recycling and re-use companies
- Sustainable food and water companies
- Sustainable construction companies
JPMAM used a combination of both AI and human intelligence to create a proprietary natural language processing tool, ThemeBot. The software can screen nearly 13,000 stocks globally, and quickly analyse tens of millions of data sources.
Then the JPMAM’s nearly 100-person analyst team will access the fundamental investment case for each stock identified by the software to help create a portfolio.
The fund is managed by Francesco Conte, Yazann Romahi, and Sara Bellenda. The management fee is 1% per annum.
The second fund launched in Singapore is the Global Healthcare Fund, which invests in biotechnology, pharmaceutical, healthcare services, medical and life science companies.
The fund posted a cumulative return of 35.41% over the last three years, compared with the sector return of 29.13%, according to FE fundinfo.
The two newly registered funds for retail investors are Luxembourg-domiciled SICAV products.
