UBS Global Wealth Management (UBS GWM) has launched its first sustainable investing portfolio in the UK, following the launch of new sustainable investing portfolios in Asia Pacific and Switzerland.
The new strategy will enable UK clients to invest in a cross-asset portfolio that maps against a global standard for sustainable investing, set by UBS Global Wealth Management. The strategy mirrors UBS GWM’s traditional strategic asset allocation for UK clients, aiming to offer similar risk/return profiles with sustainable outcomes.
Among other asset classes, clients will gain access to world bank bonds; green bonds and ESG equity funds focused on shareholder engagement, with a choice of three new portfolios: Yield, Balanced and Growth.
Speaking at a roundtable to launch the portfolio, Eva Lindholm, head of GWM UK, said: "It has been evident for us for quite a number of years that our clients’ investment priorities are changing. The interest in sustainable investing has moved well beyond fringe territory.
"Our clients want to leave a footprint on their planet that is greater than their wealth. They look at their wealth and think, what is it all for?"
UBS GWM has forged collaborations with the world bank and Hermes to build elements of the portfolio.
The world bank partnership contributes to the fixed income element of the portfolio, enabling clients to fund projects run by the world bank. Recent world bank funding includes reducing greenhouse gas emissions in farming communities in China and improving water quality and environmental sustainability in Brazil.
UBS GWM will determine and select sustainable instruments based on their global research and sustainable investing approach.
Employing approximately 61,000 people globally, UBS has offices in 52 countries, with about 34 percent of its employees working in the Americas, 34 percent in Switzerland, 18 percent in the rest of Europe, the Middle East and Africa and 14 percent in Asia Pacific.