AMWatch

Quintet wants to raze jungle of jargon and plant new trees with carbon-offset fund

The wealth manager with big Nordic ambitions wants to start a movement in the investment fund industry with its new Earth fund by purchasing carbon credits to offset emissions, says head of sustainable investing James Purcell in an interview with AMWatch. This strategy has, however, been tricky for other companies to land.

Quintet Group CEO Jakob Stott and Head of Sustainable Investing James Purcell | Photo: PR / Quintet Private Bank

Last week, Quintet Private Bank launched what it describes as the world’s first multi-asset, climate neutral investment fund.

The UCITS fund, called Quintet Earth, has been launched with EUR 280m in seed capital from bank’s clients and applies a passive strategy that equally tracks an equity and a bond index in the forms of MSCI World Low Carbon Equity Index and the Bloomberg MSCI Global Green Bond while offsetting carbon emissions from the equity bucket. This is done by an annual purchase of carbon credits derived from community reforestation projects in a collaboration with myclimate, which is a non-profit organization based in Switzerland and specializing in carbon offset projects.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Velliv dives into fintech venture

Collaboration with Upfin, the first venture fund dedicated to targeting Danish fintech companies, will give Velliv access to fintech investments also in the Nordics.

Oil services investments and inflows help BankInvest in Q1

Net inflows have exceeded expectations at BankInvest in Q1. The EUR 20bn manager has been criticized for some of the investments in its sustainable flagship product, but CEO Lars Bo Bertram is proud that the EUR 12bn fund has managed to beat its benchmark despite massive gains for oil and gas.

Further reading

Related articles

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch