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Ninety One launches sustainable emerging market fund

28 September 2022

The new ESG fund will invest in growth opportunities in “underserved areas” such as climate change solutions, financial inclusion and access to digital infrastructure.

By Tom Aylott,

Reporter, Trustnet

Ninety One today announced the launch of its Emerging Markets Sustainable Equity fund which will invest in growth opportunities in emerging markets.

The new environmental, social and governance (ESG) strategy will focus on “underserved areas” such as climate change solutions, financial inclusion, and access to digital infrastructure.

Juliana Hansveden, who joined Ninety One in January this year, has been appointed manager of the new portfolio.

Previously, she managed the $3.1bn Emerging Stars Equity and $27m Asian Stars Equity at Nordea Asset Management, so possesses experience in the asset class.

Mimi Ferrini, co-chief investment officer at Ninety One, said: “Our emerging markets heritage has taught us the importance of embracing change.

“This has helped shape our view that emerging markets companies benefitting from structural and sustainable growth tailwinds have potential to grow economic profit at above average rates over protracted periods of time.”

This region has been overlooked by sustainable investors, according to Ninety One, with 88% of ESG funds allocating globally or exclusively to developed markets.

Despite making up a small proportion of ESG managers’ investment range, 70% of the capital needed to achieve the Paris Agreement’s net-zero plans must be directed to emerging markets.

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