Aviva Investors targets Singapore retail with ESG income

UK-based Aviva Investors has launched a multi-asset fund that limits fossil fuel investments and is aimed at retail investors in Singapore.

The Aviva Investors Sustainable Income and Growth Fund targets 5% income and long-term capital growth from a portfolio of 80 to 120 securities.

The firm said environmental, social and governance (ESG) criteria was fully integrated and sectors such as tobacco and controversial weapons would be excluded.

Energy companies whose revenue from coal exceeds 10% will not be invested in and the fund aims to improve sustainability via engagement and proxy voting.

Securities are drawn from the MSCI All Country World Index and the Bloomberg Barclays Global Aggregate Bond Index. Francois de Bruin, the fund manager, said companies will be selected on the basis of sustainable business models and underlying revenue streams, “with an emphasis on cash flows to deliver compounding interest over time”.

He added: “By focusing on assets likely to generate dividends and coupons during draw-down rather than selling shares for income, the fund will help mitigate the risk of permanent loss of capital when markets are depressed.”

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST