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Baillie Gifford and Federated Hermes to manage Mediolanum ESG fund

impact_investingMediolanum International Funds Limited has launched a global impact fund, selecting Baillie Gifford and Federated Hermes as the initial managers. 

According to Mediolanum, the fund’s objective is to achieve long-term capital growth while contributing towards a "more sustainable and inclusive" world, investing in a diversified portfolio of global equity securities through an active multi-manager approach.

The fund, adding to Mediolanum’s ESG offering, will invest in companies whose products and services are providing solutions to global challenges rather than just investing in companies who adopt responsible business practices or excluding companies that are doing harm. 

Christophe Jaubert, chief investment officer and head of multi-management research at Mediolanum, said: “The ultimate objective of this fund is to make a positive difference, both for our clients and the society as-a-whole. 

“As markets continue to feel the on-going effects of the global pandemic, investors are increasingly looking to allocate towards the support of a greener recovery,” he added.

The Mediolanum Best Brands Global Impact Fund will be made available to investors in Italy and Spain.

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