GIB Announces ESG-Focused Emerging EM Fund That Will Collaborate With Investments
GIB Asset Management has announced a new Article 8 active fund that will engage with emerging market companies it owns to enhance their ESG position and operational capabilities.
The GIB AM Emerging Markets Active Engagement fund will be managed by Greg Konieczny, Kunal Desai, and Marcin Lewczuk, former colleagues at Mobius Capital with a combined 55 years of expertise, while Megan Ie will serve as the fund's senior analyst.
The fund, classified as Article 8 under the Sustainable Finance Disclosure Regulation, will employ a bottom-up strategy to uncover undervalued businesses and collaborate with all portfolio companies on "significant ESG and operational improvements."
The fund is described by GIB as a "high conviction, concentrated, core strategy with a long-term focus to capitalise on compounding cashflows and active ESG participation."
Konieczny, GIB’s head of emerging markets equities, said:
"We are excited to be launching our first emerging markets fund, which reinforces GIB AM’s commitment to delivering differentiated, sustainability-focused, alpha-generating strategies to institutional investors.
"We have long believed that a more comprehensive and differentiated approach is to invest exclusively in companies for which potential change through engagement is central to the investment case."
Katherine Garrett-Cox, GIB’s CEO, said:
"We believe that there is a growing need for active investment in emerging markets and have a mindset for long-term returns."
The fund will be available to institutional investors in Ireland, Denmark, Finland, Sweden, the Netherlands, Norway, Luxembourg and the UK.
Source: Citywireselector
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