First Abu Dhabi Bank (FAB) has introduced its first ESG-oriented fund for its private banking clients, giving them access to sustainable investments.
He FAB Fund Sustainable Development Goals (FAB SDG Fund), managed by FAB Private Bank (Suisse) SA, aims to capture long-term investment opportunities that address the world’s key social and environmental challenges, as defined by the Sustainable Development Goals (SDGs) of The United Nations. Each underlying investment fund will be evaluated to determine its alignment with the 17 UN SDGs and the FAB’s ESG strategy.
He FAB SDG Fund will focus investment flows directly towards sustainable outcomes through 17 exchange-traded funds (ETFs), each of which will match at least one of the SDG targets in terms of investment purpose. A strong environmental, social and governance (ESG) footprint is integrated into the ETF selection and portfolio construction processes, positioning the fund at the heart of FAB Private Banking’s sustainable investment offering.
Besides, fabulous It will also financially support the UN’s goals by annually allocating 17 basis points of the fund’s management fees to a dedicated nonprofit program or project.
Michel Longhini, head of FAB’s global private banking groupsaying,
“The FAB SDG Fund offers clients a practical vehicle for conscious investing that considers environmental, social and governance (ESG) factors. We see a growing number of our clients wanting to deploy their wealth in a way that achieves positive impact, particularly in areas related to their personal environmental or sustainability concerns. By offering a broader value-based investment option, we meet our clients’ expectations of seeing their funds working to support positive outcomes for the broader community.”
The launch of FAB SDG Fund reflects current trends among investors to consider ESG features to have a direct and positive impact on their portfolios, in addition to their standard preferences in terms of risk-return profile. SDG-aligned investing directs capital towards companies known as “key enablers” and providing investment solutions for the world’s 17 biggest challenges that must be achieved by 2030.
News source: Emirates News Agency