Aberdeen plans global pri­vate-mar­ket sus­tain­abil­ity trust

The new in­vest­ment trust is hop­ing to hit the stock mar­ket just be­fore Christ­mas

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WHEN ETH­I­CAL in­vest­ing be­gan in the 1970s it was very much a niche mar­ket. The first funds were launched by Methodists (the Pax Fund in the US) and Quak­ers (the Stew­ard­ship funds in the UK).

Ac­cord­ing to the Sus­tain­able In­vest­ment and Fi­nance As­so­ci­a­tion there are now over 100 UK eth­i­cal funds with a to­tal mar­ket value of £10bn.

The lat­est fund hop­ing to launch in the sus­tain­able

space is the Aberdeen Global

Sus­tain­abil­ity in­vest­ment trust which aims to gen­er­ate a to­tal an­nual re­turn of be­tween 6% and 8% (cap­i­tal gains and rein­vested div­i­dends).

What makes Aberdeen’s of­fer­ing unique is that it will in­vest in pri­vate mar­kets around the world in as­sets which pro­duce a pos­i­tive, mea­sur­able im­pact in en­vi­ron­men­tal and so­cial terms.

Aberdeen has 400 in­vest­ment pro­fes­sion­als look­ing at pri­vate mar­kets and al­ready man­ages £67bn of un­quoted as­sets, so adding a sus­tain­abil­ity over­lay is a nat­u­ral ex­ten­sion.

‘In­vestors want to align their in­vest­ment de­ci­sions with their per­sonal val­ues, and pri­vate mar­kets are an ideal home for im­pact in­vest­ing as we can take an ac­tive role in man­ag­ing the as­sets,’ says man­ager Roger Pim.

The trust is hop­ing to raise £200m and its shares to start trad­ing on 17 De­cem­ber. (IC)

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