UBS is launching a new longer-term investment initiative for private clients after hitting further milestones in thematic and sustainable investing.
The new Future of… program will publish regular white papers on challenges that resonate strongly with clients and provide associated investment solutions across public and private markets. The themes will have a strong sustainable component, but will venture beyond pure sustainability considerations.
The first offering in the series, Future of Waste, launches today. The world wastes roughly 30 per cent of its food, at a cost of $1 trillion a year, while 10 pe rcent of people go hungry around the world. Plastic waste in the sea could outweigh fish by 2050 if current practices continue. UBS's Future of Waste white paper and investment offering present opportunities to mitigate costs and issues associated with waste and target a compelling financial return.
The expansion of UBS's private client investment offering follows its continued successes in thematic and sustainable investing. The UBS Oncology Impact Fund – which at its launch was the largest ever healthcare impact investment – is today announcing a record donation of $4 million, with $2 million going to the UBS Optimus Foundation and USD 2 million to the American Association for Cancer Research.
UBS can also reveal that its 100 per cent sustainable cross-asset portfolio, the first offering of its kind for private clients, recently passed USD 10 billion in invested assets. The portfolio launched roughly two years ago with just over $1 billion under management.
Mark Haefele, Chief Investment Officer at UBS Global Wealth Management, said: "Our new Future of… initiative aims to help investors engage with some of the defining issues of our time. Following today's launch of Future of Waste, we look forward to adding other instalments later in 2020."