UBS Global Asset Management and BB Gestão de Recursos DTVM S.A (“BB DTVM”), the asset management arm of Banco do Brasil (“BB”), today announced a joint collaboration to provide Brazilian institutional investors the opportunity to invest in global sustainable equities.
“We believe that UBS’s Global Sustainable Equity strategy is an interesting offering to meet this growing demand.”
Global investing is increasingly capturing the attention of institutional investors in Brazil. The local pension fund system, with close to R$ 674 billion in total assets, is currently allocated almost entirely to domestic investments but beginning to invest internationally. In addition, sustainable investing is becoming a key focus for investors, with 17 leading Brazilian pension funds now signatories to the United Nations’ Principles for Responsible Investment.
To meet this growing demand, BB DTVM will launch a registered feeder fund (in compliance with CMN Resolution 3,792) giving investors access to the UBS Global Sustainable Equity portfolio. GSE seeks to maximize total return with a sustainable investment approach, using a unique positive screening process that combines material sustainability factors and fundamental valuation analysis. Managed by UBS Global AM’s Sustainable Equities team, GSE has a track record that dates back to 1997 and ranks2 in the top quartile of Global All Cap Core Equity managers (eVestment Alliance) over 1, 3 and 5 years.
UBS Global AM has committed USD 20 million (approximately R$62 million) to launch the local fund.