Alternative Investments/ESG: BMO Global Launches China A-Shares Fund

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June Lui will manage the BMO LGM Responsible China A-Shares Equity fund.

BMO Global Asset Management has expanded its range of 14 Responsible Investment products with the launch last week of the BMO LGM Responsible China A-Shares Equity fund. The ESG-oriented fund will invest in the top Chinese stocks that feature strong corporate governance and management of social and environmental issues. (City Wire Selector)

BMO LGM Responsible China A-Shares Equity fund

The features of the new fund from BMO GAM are:

  • Opportunity for foreigners to invest in the large, diverse pool of domestic Chinese companies
  • Companies that will benefit from the secular Chinese mega-trends of urbanization, income growth and technology advancement
  • Companies capitalizing on global shifts as applicable to emerging markets. Sectors: health and wellbeing; food and nutrition; energy transition; responsible finance; sustainable infrastructure; and technological innovation
  • Further, the investment rationale rests on the three responsible pillars of lower risks from ESG; attention to sustainability; and engagement and voting on ESG issues.
  • Active, fundamental management by BMO’s emerging market equity specialist team LGM Investments
  • The team will be led by Hong-Kong based June Lui – who already runs BMO’s Greater China Strategies fund
  • The fund is available in USD and EUR versions.
  • The share class F USD accumulating will be available for investors based in the UK, Belgium, Finland, France, Germany, Ireland, Luxembourg, Netherlands, Norway, Sweden, and Switzerland
  • The share class F EUR accumulating, which can be purchased in the UK, Belgium, France, Germany, Ireland, Luxembourg, Netherlands, Spain, and Switzerland
  • Annual management charges of 0.40%

Onshore China market

‘We are excited by the potential of the onshore China equity market and are delighted to be among the first to launch a Responsible fund in this area,” said BMO’s June Lui.

“As China continues to transform and develop, we see increased opportunities for long-term investors,” she added. “In recognizing the governance issues in the onshore market,  these can be addressed by ensuring ESG factors are a focal point in the decision-making process.”

Related Story:       HSBC GAM Launches Sustainable Equity UCITS ETF Focussed on the Asia Pacific

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