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Edmond de Rothschild
Edmond de Rothschild has launched an equity fund tapping into the relentless industry theme of “green” investing.
A socially responsible investing (SRI) mandate that is already available in France and Switzerland is to be rolled out to the bank’s private clients in Luxembourg, Belgium, Spain and Portugal, the European private banking and investments firm said in a statement late last week.
Edmond de Rothschild runs about SFr22.2 billion ($23.6 billion) of assets using an SRI approach, which forms part of a wider wealth management trend of using financial muscle to bring about change such as cutting carbon dioxide emissions.
“This equity fund on the theme of the Green New Deal reflects our group’s DNA and our shareholders' attachment to investments that combine long-term performance with impact. It was devised in response to high levels of demand among our clients who, faced with health, social, climate and environmental crises, have demonstrated a desire to be agents of change. The energy transition is one of the greatest challenges in the years ahead. The response must start now,” Christophe Caspar, CEO of Edmond de Rothschild Asset Management, said.
EdR said the fund is distinctive because it includes companies with strong green credentials from sectors such as finance, insurance and IT, as well as those with a clear development strategy in relation to climate change.