Eastspring Investments launches new global impact fund

Eastspring Investments launches new global impact fund

KUALA LUMPUR, April 18 — Eastspring Investments Bhd today announced the launch of the Eastspring Investments Global Impact Fund for Malaysian investors.

The Fund is a wholesale feeder fund that aims to provide investors with long-term capital appreciation by investing in the Wellington Global Impact Fund.

The Target Fund in turn, seeks to achieve its objectives by investing primarily in global equities, focusing on companies whose core business, in the opinion of its investment managers, aims to generate positive social and/or environmental impact alongside financial returns.

“As a leading asset manager in Malaysia, we prioritise our fiduciary duty and we are firmly invested in the future of our clients. We also recognise the responsibility we have to society, local communities, and the world at large.

“We are therefore excited to offer a fund that not only strives to provide potential returns over the long term but also contribute positive outcomes to social and environmental issues,” said Mr Raymond Tang, Chief Executive Officer of Eastspring.

Impact investing, as a segment of sustainable investing, helps address issues related to climate change, food and drug safety, and access to affordable housing.

“The global pandemic and the rise of natural disasters have heightened investors’ focus on environmental and social issues, and in turn increased the demand for funds incorporating environmental, social and governance (ESG) themes.

“This is why at Eastspring we felt it was an opportune time to launch the Eastspring Investments Global Impact Fund,” adds Tang.

“We designed this Fund to feed into the Wellington Global Impact Fund because of the latter’s strong track record of performance¹. Importantly the Target Fund has produced measurable outcomes,” says Ms Yap Siok Hoon, Head of Distribution at Eastspring.

The impact fund

The Fund is suitable for sophisticated investors who seek capital appreciation, want to participate in the global market, have higher risk tolerance and a long-term investment horizon.

The Fund’s 21-day initial offer period commences from the date of this announcement and ends on 8 May 2022. Investors can purchase units of the Fund with a minimum investment of RM1,000 at RM0.50 per unit. 

Applications for units can be made via authorised unit trust consultants and distributing banks. For more information about the Fund, please visit here. (Bernama)