Thailand’s KBank unveils sustainability fund for institutional clients

K-SUSTAIN-UI will invest in a sustainability-focused fund managed by JP Morgan.

KBank Private Banking has introduced K-SUSTAIN-UI, a sustainability fund for the bank’s institutional and ultra-high net worth individual (UHNWI) investors only.

K-SUSTAIN-UI—short for K Sustainable Long-Short Fund Not for Retail Investors—focuses on generating profits from stocks that are positively or negatively affected by the transition towards sustainable business operations.

The fund’s initial public offering (IPO) will take place from May 24 to 28, 2021.  

“K-SUSTAIN-UI is launched in line with the principles of a Bank of Sustainability established by KBank, and thus focused on balance in three dimensions: economy, society and environment,” said Siriporn Suwannagarn, managing director, financial advisory head, Private Banking Group, KASIKORNBANK (KBank), regarding the fund’s launch.

“KPB believes that the sustainability investing trend will offer stable long-term returns.  Sustainability-themed investment has been arranged to ensure that investors will receive sustainable returns on investment while also supporting businesses that have brought positive changes to the world,” she added.

K-SUSTAIN-UI will invest in JPMorgan Funds–Multi-Manager Sustainable Long-Short Fund, Class JPM S2 (perf) (acc)–USD (Master Fund) at not less than 80% of NAV on average in any accounting period. This master fund has a policy of investing sustainability megatrends in five business categories: energy transition; health and wellness; empowerment; resource efficiency; and technology for sustainability.