The new launch, the firm’s first thematic sustainable investment fund in Hong Kong, invests in green infrastructure assets that try to solve real world problems such as climate change, demographic shifts and rapid urbanisation. It also has exposure to traditional infrastructure assets for dividend opportunities.
“In light of the accelerated pace of growth in ESG awareness and sustainable fund adoption, the Sustainable Infrastructure Fund is designed to meet the demand of investors who are seeking to support a sustainable and inclusive economy through investment,” said Elisa Ng, head of Hong Kong for JP Morgan Asset Management (JPMAM).
The JPMorgan Sustainable Infrastructure Fund is a revamp of JPMorgan Global Property Income Fund, which was made available to Hong Kong retail investors in 2005, a JPMAM spokesperson told FSA.
This is the firm’s second ESG fund authorised by the Securities and Futures Commission, following the Emerging Markets Sustainable Equity Fund.
The fund invests in key themes, including: environmental resilience, via companies that invest in electricity infrastructure, water infrastructure and renewables infrastructure to mitigate the production of greenhouse gases; social infrastructure, via companies investing in medical infrastructure, social house and education infrastructure; and improved connectivity, via companies investing in digital infrastructure, transport infrastructure and sustainable logistics.
The Fund adopts an unconstrained approach, investing in companies across region, sector and market cap spectrum. Top sector exposure includes Utilities, Real Estate and Industrials. Top geographic exposure includes North America and Europe.
Retail investors can access the fund through the BOCHK mobile app, internet banking or in person through a branch.
The fund is jointly managed by JPMAM’s International Equity Group and the Quantitative Solutions team, with reference to insights from JPMAM’s dedicated Sustainable Investing Team, according to the asset manager.