Alternative Investments/ESG: Vanguard Files For Global Environmental Opportunities Stock Fund

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The Vanguard Fund will likely launch in the fourth quarter of 2022.

Vanguard has revealed its plans to launch the Vanguard Global Environmental Opportunities Stock Fund, to be actively managed by Ninety One, an experienced active investment manager with a proven track record in environmental, decarbonization, and global investing. Founded in 1991, Ninety One manages approximately $160 billion globally.

Vanguard Global Environmental Opportunities Stock Fund

The proposed fund will hold a concentrated portfolio of companies that both are involved in the process of decarbonization and derive at least half of their revenue from activities deemed by the fund’s advisor to contribute positively to environmental change.

The fund is expected to launch in the fourth quarter of 2022 with a competitive expense ratio of 0.75% for Investor Shares and 0.60% for Admiral Shares, compared with the industry average of 0.99% for similar funds.

The fund’s minimum investments are $3,000 for Investor Shares and $50,000 for Admiral Shares.

The mutual fund takes a structured, research-driven approach to investing that targets companies seeking to accelerate the transition to a low-carbon world. Ninety One believes that there are structural growth opportunities resulting from trends in regulation, technology, and consumer preferences, which are driving a multi-decade energy transition. The firm is of the view that companies that successfully navigate this transition are likely to create value for investors over the long term.

Fundspeak

“Vanguard has been thoughtful and deliberate in building out our ESG lineup by ensuring each new fund addresses investors’ enduring needs,” said Dan Reyes, head of Vanguard Portfolio Review Department. “We are confident that Ninety One’s differentiated approach to global ESG investing will add long-term value for risk-tolerant investors who have a preference for environmental investing.”

According to Vanguard, the fund is designed for environmentally conscious investors who have a high tolerance for risk and want to augment a broadly diversified portfolio with a satellite position.

Related Story: Vanguard Launches ESG Corporate Bonds ETF

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