JPMorgan Asset Management has restructured its sustainable investment and environmental, social and governance-focused teams as it launches a new European equity strategy.
The fund group has created a “sustainable investment leadership team”, incorporating management, portfolio managers and distribution teams, to co-ordinate the firm’s sustainable and ESG-focused investments.
At the same time, the firm has launched a Luxembourg-domiciled Europe Sustainable Equity fund, to be managed by Richard Webb, Joanna Crompton and William Johnson.
The strategy will hold stocks deemed to foster “long-term sustainability”, with a focus on ESG factors.
Mr Webb runs three equity funds – German, eurozone and Europe-wide strategies, with the latter managed alongside Ms Crompton.
The new team will be led by strategic product management and ESG head Jamie Kramer.
Ms Kramer said the new structure would allow the firm to better share its ESG capabilities with clients. “We recognise sustainable investing represents a broad set of opportunities and that clients may choose to implement their views based on explicit portfolio objectives.
“With the proliferation of ESG data and tools in the marketplace and growing interest from investors, now feels like the right time to communicate our sustainable investment expertise with clients,” she added.
JPMAM said its new structure would benefit both institutional and retail clients.