EUROPE - Swiss firm Pictet has introduced a new European socially responsible investment (SRI) fund.
The Luxembourg-domiciled Sustainable Equities Europe fund invests in stocks that are expected to generate long-term added value through environmentally aware and socially responsible strategies.
When selecting stocks, Pictet analyses to what extent traditional sustainability criteria help to create long-term added value for the company. Companies that follow a ‘holistic’ management concept - capable of combining SRI initiatives with a successful business model - can expect to achieve higher than average growth, said Pictet.
The firm will use the ‘Pictet Sustainable Value Chain’ (PSVC) to identify around 80 European stocks companies. This analysis is currently performed for the majority of MSCI Europe companies, with local analysts collating the fundamental data using a carefully defined methodology. Pictet assesses this data to see how effective they are, and gives each company a PSVC rating. Only stocks with the highest PSVC rating in their sector will be picked.
The fund will be marketed to both institutional and individual investors, and will be managed by Lauren Niguien based in Geneva.
More information is available at www.pictet.com.
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