OppenheimerFunds has launched the OFI Pictet Global Environmental Solutions Fund, an environmentally-focused equity Fund, sub-sub-advised by Pictet Asset Management.
OppenheimerFunds says the strategy takes a unique, holistic approach to environmental investing by focusing on companies that provide products or services that actively contribute to addressing environmental challenges.
Pictet Asset Management is responsible for the day-to-day investment management of the fund’s assets. OppenheimerFunds’ Private Client Group, led by Ned Dane, will leverage its extensive product structuring and distribution platform to make the offering available for high net worth clients and advisers.
“OppenheimerFunds strives to be a responsible steward of investors’ capital. Increasingly our clients are seeking investment strategies that align with their values,” says Dane. “Our partnership with Pictet Asset Management, a recognised leader in environmental investing, reflects our commitment to sustainable solutions and continues our history of providing innovative investment strategies to meet our clients’ needs.”
The fund’s Portfolio Managers are Luciano Diana, Head of Environmental Thematic Investing, Gabriel Micheli, CFA, Senior Investment Manager, and Simon Gottelier, Senior Investment Manager. All are members of the firm’s Thematic Equities team, which has invested in environmental strategies since 2000. The Portfolio Managers are supported by the broader Thematic Equities team of more than 30 investment professionals, as well as an external advisory board of industry experts and thought leaders who help identify industry trends and ensure the team is well versed in the latest developments in the environmental technology.
The strategy invests in companies that are active throughout the environmental value chain. The initial universe is narrowed to a targeted investable universe by identifying companies with low impact on key natural resources, and those who actively contribute to resource efficiency and pollution control. The resulting portfolio of stocks, offering attractive risk-return potential, are then ranked based on the strength of the business franchise, management quality, operational momentum, valuation, as well as ESG considerations.
The Fund’s benchmark is the MSCI All Country World Index (ACWI). This broad based global index is designed to measure equity market performance of developed and emerging markets, and is consistent with the Fund’s mandate to seek companies around the world that are actively developing environmental solutions.
