US giant JP Morgan has partnered with Bank of China (Hong Kong) (BOCHK) to launch the JPMorgan Sustainable Infrastructure Fund.
It is the firm’s first thematic sustainable investment fund in Hong Kong.
The fund 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.
Elisa Ng, head of Hong Kong for JP Morgan Asset Management (JPMAM), said: “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.”
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 our sister publication Fund Selector Asia.
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.
It 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.
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