BNP Paribas Environmental Equity Trust
BNP Paribas Asset Management has launched an Australian registered trust, the BNP Paribas Environmental Equity Trust (the Trust), effective 22 May 2017.
The Trust seeks to achieve sustainable, above market returns over the longer term by investing globally in companies that are active in the growing resource efficiency and environmental markets.
Managed by Impax Asset Management (Impax), the Trust invests in companies with at least 20% of revenue, profits or capital employed in environmental markets, including: renewable & alternative energy, energy efficiency, water infrastructure & technologies, pollution control, waste management & technologies, environmental support services, and sustainable food, agriculture & forestry.
Commenting on the launch, BNP Paribas Asset Management Australia CEO David Grybas said: “We are delighted to expand our global product offering to include this ‘deep green’ environmental investment strategy. It is clear that there is increasing demand from local investors for sustainable products and with the launch of the BNP Paribas Environmental Equity Trust we are now offering a sustainable investment option with a nine year strategy track record.”
The Trust will typically hold 40 to 60 stocks and the benchmark is the MSCI All Country World Index in AUD.