Manulife IM launches energy transition fund

Solar cells on a rooftop. One of the three key pillars of the investment strategy is investing in companies developing, transporting or integrating renewable energy such as solar, wind, hydrogen and alternative fuels

KUALA LUMPUR: Manulife Investment Management (M) Bhd (Manulife IM) launched its Manulife Global Energy Transition Fund on Monday to support the move towards a carbon neutral economy and mitigate the impact of climate change.

In a statement on Monday, it said this will be a wholesale feeder fund that aims to provide capital appreciation by investing at least 95% of the fund’s net asset value (NAV) in BNP Paribas Funds Energy Transition (target fund).