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Laxman Pai, Opalesque Asia: PGIM Investments has introduced its first ESG equity strategy to its Ucits platform, joining a number of fixed income funds incorporating an ESG process.
The PGIM QMA Global Core Equity ESG fund is sub-advised by QMA, a quantitative equity and global multi-asset solutions manager.
PGIM Investments is the global manufacturer and fund distributor of PGIM, which manages more than $1tn. QMA is PGIM's quantitative equity and global multi-asset solutions manager.
PGIM said in a press release that the fund would evaluate the ESG status of every security in the global core equity universe and integrate these insights into the fund, aiming to avoid the worst ESG offenders while maintaining performance expectations.
ESG investing is estimated at more than $20tn-or a quarter of all professionally managed assets around the world.
"The ESG equity fund, like the rest of our platform, draws from PGIM's multi-manager model, bringing PGIM Investments' and QMA's capabilities to serve a significant need for ESG products from global clients," said Stuart Parker, president and CEO of PGIM Investments, which offers more than 100 funds globally.
The fund joins a number of fixed income UCITS that factor ESG into their strategies. The current UCITS platform, launched in 2013, has grown to 28 funds. Domiciled in Ireland, the UCITS platform spans multiple sectors in fixed income, equity and real estate with 16 country regis...................... To view our full article Click here
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