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MGIM launches Global Sustainable Equity fund

ESG worldMomentum Global Investment Management (MGIM) has launched the Momentum GF Global Sustainable Equity Fund.

This strategy will focus on companies involved with reducing greenhouse gas emissions, waste generation and water consumption. The actively-managed fund will integrate ESG criteria into its stock selection process, aiming to achieve a better overall ESG rating and environmental footprint relative to its benchmark.

The Global Sustainable Equity Fund is the first single strategy equity offering for UK investors from the £4.7 billion firm. The fund’s management team will be comprised of MGIM director of investment management Andrew Hardy and senior analyst Lorenzo La Posta. Hardy will act as lead on the fund. The fund will be managed in partnership with Robeco, a quantitative investment specialist. 

“Our fund offers not only exposure to global equities, but also a strong sustainability profile, lower environmental footprint, and a higher chance of outperforming the benchmark over the long run of a full business cycle,” said Hardy.

“As strong advocates of active management, our product is a data-driven active fund that retains all the merits of passive investment whilst enhancing return potential and ESG characteristics.”

MGIM is a signatory to the United Nations Principles for Responsible Investment (UNPRI) through its parent company, Momentum Metropolitan Holdings.

Hardy has been with MGIM since 2005 and in that time has led on several portfolios including the Harmony Portfolios multi-asset range and global developed and emerging market equity funds. La Posta joined in 2018, previously working at Julius Baer as a quantitative investment strategist within the CIO’s office.

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