KUALA LUMPUR: AmInvest has launched its sustainable series-positive change fund, which is the first fund in its sustainable series as more investors seek environmental, social and governance (ESG) as well as sustainable and impact investment themes.
In a statement yesterday, it said investors of the fund would be able to gain exposure to high quality global companies addressing society’s challenges that are poised to prosper in the long-term as they possess strong fundamentals for growth.
The companies are likely to see higher revenue growth, cash flow and capital allocation from rising demands for their products and services, according to AmInvest, which is the fund management business under AmInvestment Bank.
The fund aims to provide long-term capital growth by investing predominantly in Baillie Gifford worldwide positive change fund (target fund).
The target fund invests in global equities of companies whose products, behaviour and services make a positive social or environmental impact.
The target fund’s investment portfolio will focus on companies addressing critical challenges within the four positive impact themes, namely social inclusion and education, environment and resource needs, healthcare and quality of life, and base of the pyramid.
AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir said the fund is in line with AmBank Group’s commitment to sustainability in the area of positive social impact practices across its businesses.
“The impact of the Covid-19 pandemic has accelerated the importance of finding solutions for the world, which in turn, will be good for businesses such as companies like Moderna.
“We believe companies which set out to make positive changes enjoy sustainable competitive advantages and thus, can potentially deliver attractive returns over the long term, ” he said.
In line with AmBank Group’s positive social impact pillar, AmInvest is now a signatory to the Malaysian Code for Institutional Investors.