As of 2017, globally, Julius Baer had CHF 45.8 billion ($47.3 billion) in assets under management with ESG integration, CHF 736 million ($760 million) in discretionary suitability mandates and CHF 215 million ($222.2 million) in recommended sustainable investment and impact investment funds.
The funds team assigns the Julius Baer Responsible Investment Fund Rating (JB RIFR) to all recommended funds. It also includes MSCI ESG Ratings and MSCI ESG Controversies for equities and fixed income in research reports and marketing materials.
In 2017, Julius Baer focused on two areas of impact investing through funds and fixed income in its offering: microfinance solutions and green bonds.
The recommended funds mostly engage worldwide in less liquid short-to-medium-term income-bearing debt contracts of microfinance institutions domiciled in emerging and developing countries, including Central and South America, Asia, sub-Saharan Africa, the Middle East and Eastern Europe.
The funds are actively managed and diversified global portfolios. The green bonds were for projects related to renewable energy, pollution prevention, sustainable water and waste management, green buildings, climate change adoption and clean transport.
The Swiss group established a Responsible Investment campaign in 2017 to train client advisors. The bank has also identified five ‘next generation’ themes, such as rising Asia, digital disruption and energy transition, and has integrated ESG risk monitoring in its broader investment process for funds and equities related to these themes.