FYI: As part of its new 100% U.S. sustainable cross-asset portfolios, UBS Global Wealth Management is rolling out two mutual funds that aim to create a more direct social and environmental impact than existing funds that simply target companies with superior environmental, social, and governance—or ESG—practices.
The UBS Engage for Impact Fund will invest in companies that integrate sustainability factors into their business model—by building sustainable housing, for example, or creating a technology to remove toxins from the environment—and are also open to working with UBS to make their impact even stronger.
Regards,
Ted
https://www.barrons.com/articles/ubs-launches-impact-mutual-funds-for-u-s-private-clients-1534799979
