JP Morgan Asset Management (JPMAM) has launched three sustainability-focussed OEICs in what is its first UK thematic offering.
The firm's Climate Change Solutions fund will invest in forward-thinking companies which are focusing on solutions to climate change, including those producing clean energy or investing in less carbon-intensive forms of agriculture or construction.
The fund will be managed by Francesco Conte, Yazann Romahi and Sara Bellenda.
The asset manager also launched a UK Sustainable Equity fund, as well as a Global Sustainable Equity fund, both of which will exclude investment in “unsustainable” sectors.
The UK sustainable equity fund will be managed by Anthony Lynch, Callum Abbot and Alexandra Sentuc, and the global sustainable equity fund will be managed by Timothy Woodhouse, Joanna Crompton and Sophie Wright.
Dale Erdei, head of UK funds at JPMAM, said: “We’re delighted to be growing our sustainable offering in the UK market and particularly excited to be launching a thematic portfolio which has a differentiated approach.
"The climate change solutions fund is designed to help investors intelligently capture innovative investment opportunities and technologies facilitating the low carbon transition.”
The climate change solutions fund will use JPMAM’s proprietary natural language processing tool, ThemeBot, to screen 13,000 global stocks and identify global firms that are acting on climate change.
The firm’s research analyst team will then verify the investment case for each stock identified.