The AXA WF Framlington Clean Economy strategy is also part of AXA IM’s ACT fund range and applies AXA IM’s Impact approach for listed assets, where the investment decisions are designed to have an intentional, positive, measurable and sustainable impact on society and/or the environment while simultaneously aiming to deliver financial returns.
Five percent of the management fees paid by the fund will be donated by AXA IM to the Epic Foundation, as part of the company’s initiative to support charities that focus their action on themes which are at the heart of AXA IM’s Corporate Responsibility and Responsible Investment strategies and in alignment with selected UN SDGs.
Commenting on the launch, Amanda O’Toole, manager of the AXA Clean Economy strategy, said: “2020 was a pivotal year for many businesses within the clean tech universe. Global sales of electric vehicles (EVs) accelerated and the cost of renewable energy continued to fall significantly, alongside the consumer shift towards more sustainable diets. Such trends have also resulted in more opportunities being created for businesses that facilitate recycling and reusing practices.”
“The strategy can offer investors diversified access to these multi-decade growth opportunities across four key sub themes that are driving the global transition to a ‘cleaner’ economy. Selecting the right companies from such a large and diverse pool of investments can prove a challenge, which is why we believe a differentiated dual thematic and Impact Investing approach is key with investors benefitting from our active, long-term approach to the clean economy.”
John Stainsby, Head of Core Client Group UK, added: “The launch of the fund demonstrates our ongoing commitment to delivering sustainable, long-term value for clients while driving meaningful change for society and the environment. In a drive to offer our UK-based clients more relevant global equity funds with a sustainable and responsible investment focus, we are pleased to launch an onshore fund for UK investors that can also deliver access to high quality companies operating across industries which are working towards a zero-carbon economy.”
Risks
The value of investments may fall as well as rise and you may not get back the full amount invested.
Concentration Risk: as this Fund may, from time to time, hold relatively few investments, it may be subject to greater fluctuations in value than a fund holding a larger number of investments.
Currency Risk: the Fund holds investments denominated in currencies other than the base currency of the Fund. As a result, exchange rate movements may cause the value of investments (and any income received from them) to fall or rise affecting the Fund’s value.
