Launch of DNB AM's Sustainable Fund through their website unveiled
DNB Asset Management, a subsidiary of DNB Group, has announced the launch of a new sustainable fund in Europe named Future Waves (ISIN: LU0029375739). The fund, which is European-based, focuses on investments aligned with both environmental and social goals, taking a broad perspective on sustainability.
According to Mike Judith, head of the international sales team and CEO at DNB Asset Management, investor demand focusing on both returns and sustainability has increased exponentially in 2021. This trend is reflected in the strategy of Future Waves, which integrates a sustainable investment strategy that combines climate focus with broader environmental and social impact considerations.
The four focus areas of the Future Waves fund are Blue Economy, Green Economy, Climate, and Quality of Life. The Blue Economy theme constitutes 37% of the new fund's investment focus, while the Green Economy theme accounts for 31%. The Climate and Quality of Life themes each make up 19% and 12% of the fund's focus, respectively.
Future Waves strategically invests in companies advancing the United Nations Sustainable Development Goals (SDGs) through climate action and social responsibility, representing a blended sustainability investment approach rather than a narrow environmental-only focus. The new fund invests directly in 11 out of the 17 UN SDGs.
DNB Asset Management has its own ESG label for the analysis and evaluation of data related to sustainability. Availability of data and its correct analysis and evaluation have become increasingly important for sustainable funds, according to Mike Judith. The ESG label of DNB Asset Management defines, develops, collects, categorizes, analyzes, and presents secondary and primary data on the direct and indirect impacts of industries and companies on the 17 UN sustainability goals.
Isabelle Juillard Thompsen, co-portfolio manager of the Future Waves fund, reports that more than half of the oxygen we breathe comes from the sea. The sea absorbs 21 percent of the planet's CO2 emissions, which further emphasizes the importance of the Blue Economy theme in the fund's strategy.
The OECD estimates that the maritime industry can double its revenue compared to global economic growth by 2030 with the right investments. This potential growth, coupled with the increasing demand for sustainable investments, makes Future Waves an attractive option for investors seeking both financial returns and a positive impact on the environment and society.
In conclusion, the Future Waves fund by DNB Asset Management offers a unique opportunity for investors to contribute to the UN SDGs while pursuing financial returns. By focusing on the Blue Economy, Green Economy, Climate, and Quality of Life themes, the fund aims to generate positive contributions toward global SDGs while maximizing returns for its investors.
Other businesses and investors might find the sustainable investment strategy of Future Waves appealing, given its focus on both financial returns and positive environmental and social impact. Future Waves, in alignment with the UN Sustainable Development Goals, invests in a diverse range of sectors that contribute to the improvement of social and economic conditions worldwide.
