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AllianceBernstein renames thematic portfolio in ESG push

AllianceBernstein renames thematic portfolio in ESG push

AllianceBernstein has changed the name of its AB SICAV I - Thematic Research portfolio to Sustainable Global Thematic portfolio to better reflect its investment objective.

The portfolio is currently managed by Citywire + rated Daniel Roarty, who is the company’s chief investment officer for sustainable and thematic equities. 

With the name change, the portfolio seeks to invest in a global universe of companies in multiple industries that are positively exposed to environmentally or socially sustainable investment themes.

The company’s spokesperson told Citywire Asia that the Sustainable Global Thematic portfolio is available to investors in Hong Kong and Singapore, including private banking clients.

In addition to the name change, the portfolio has also updated its investment policies. The changes takes effect today.

Under normal circumstances, the portfolio is expected to invest at least 80% of its net assets in global equities that the investment manager believes are positively exposed to sustainable investment themes. 

As part of its top-down investment process, the investment manager will identify sustainable investment themes that are broadly consistent with achieving the United Nations’ Sustainable Investment Goals.

Examples of such themes include the health, climate and empowerment. Such sustainable themes are expected to change over time based on the investment manager’s research, however.  

Meanwhile, the manager will also continue – as part of its bottom-up approach – to emphasise company-specific positive selection criteria over broad-based negative screens in assessing a particular company’s exposure to environmental, social, and corporate governance factors.

What’s more, the portfolio will amend its investment policies to permit investment in shares of certain Ucits-eligible exchange-traded funds (ETFs).

ETFs may provide more efficient and economical exposure to the types of companies and geographic locations in which the portfolio seeks to invest than direct investments in securities.

The portfolio may invest in both developed and emerging market countries. Under normal circumstances, the portfolio invests at least 40% in securities of non-US companies.

As of end-September, the portfolio had about $840.83 million in assets.

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