Fund manager BMO Global Asset Management has launched a global equity fund focusing on the 17 Sustainable Development Goals (SDGs), established by the United Nations.
The BMO SDG Engagement Global Equity Fund aims to deliver long-term capital growth while also making a positive impact through targeted, impact-focused, active engagement with investee companies, using the SDGs as a framework. The fund has been seeded by UBS Global Wealth Management and will be managed by Jamie Jenkins and the London-based global equities team, who run BMO’s Responsible Global Equity Strategy. It will hold between 40 and 60 global small and mid-cap equities, selected for their quality and value. Investee companies will also be selected for their scope for driving improvements to SDG targets, through a tailored programme of engagement.
BMO Global Asset Management co-head of global equities, Jamie Jenkins, commented: “We are committed to finding solutions to the key challenges we face in this world, whether protecting vulnerable workers, ensuring gender equality or addressing climate change. For every company we invest in, we set clear engagement objectives with a view to driving improvement towards achieving key targets set out in the SDG framework.”