Sustainable Series- Climate Tech Fund (“Fund”), a second sustainable fund launched by AmInvest, offers investors potential long term capital growth by investing in global companies with solutions that mitigate climate change and its effects or help to adapt to it through DWS Invest ESG Climate Tech (“Target Fund”).
The Fund is a qualified Sustainable and Responsible Investment (“SRI”) fund.
The Target Fund focuses on climate technology-related companies that are likely to profit from rising climate commitments and are currently investing in power generation, transport, real estate, and agriculture.
Companies interested in reducing climate change implications by shifting away from fossil fuels, such as utilising solar and wind technology, hybrid and electrical vehicles and insulation materials, are included in the power generation, transport and real estate sector.
Companies involved in the agriculture sector provide solutions to adapt to the consequences of climate change through developments and research breakthroughs in areas such as irrigation systems and livestock nutrition.
These four industries have previously contributed the most to greenhouse emissions, and companies participating in their solutions are anticipated to experience double-digit annual Earnings Per Share (“EPS”) growth until 2023.
Green transportation, for example, expects its earnings per share to increase by 36 per cent every year.
Commenting on the launch, Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group, said: “In line with AmBank Group’s commitment to sustainability across our businesses, this new offering is a qualified SRI fund.
“It is the second fund in our “Sustainable Series” as we recently launched our Sustainable Series-Positive Change Fund. The Fund targets investors who view climate change as a key factor for future investments and expect rising opportunities that complement both returns and sustainability objectives.”
Goh Wee Peng, Chief Executive of AmInvest, added that investors could now capitalise on a diversified portfolio of global ESG-compliant companies.
“Since its inception in October 2018, the Target Fund has delivered returns of around 87.3 per cent. AmInvest is delighted to partner with DWS, which has an impressive 65-year heritage of funds management experience with a head start in climate technology investment.”
The United States Dollar (“US$”) is the Fund’s primary currency. It was sold to sophisticated investors in US$ and Ringgit Malaysia (“RM”) classes and RM-hedged classes at an initial offer price of US$1 and RM1 per unit, respectively, until Oct 18 2021.