Bank of China (Hong Kong) said it had made Ninety One’s first renminbi-denominated green fund, the Ninety One Global Strategy Fund – Global Environment Fund, available to investors.
BOCHK said it would make the South African asset manager’s fund available for subscription to its customers through the bank’s mobile and internet banking as well as branches, allowing them to tap into ESG-related investment opportunities.
“BOCHK is committed to advancing green development and has been actively facilitating our customers’ transition to a low-carbon economy. Currently, we offer up to 50 ESG fund share classes,” said Joyce Leung, assistant general manager of the personal digital banking product department at BOCHK.
“The fund currently invests in a high conviction portfolio of around 25 leading companies to help investors achieve their long-term investment objectives and, at the same time, invest sustainably.
“The collaboration with BOCHK through our first RMB-denominated green solution demonstrates the growing demand for both decarbonisation thematic and RMB denominated investments in Hong Kong,” said Deirdre Cooper, head of sustainable equity and co-portfolio manager of the Global Environment Fund at Ninety One.
