The Swiss bank is the latest to roll out a stock fund aimed at positive social and environmental impacts.
UBS pledged earlier this year to commit $5 billion towards the U.N. Sustainable Development Goals and raised $325 million for TPG Growth’s $2 billion The Rise Fund.
UBS Asset Management’s open-ended impact fund will target 40 to 80 companies focused on “solutions to global challenges such as climate change, air pollution, clean water and water scarcity, treatment of disease and food security,” International Investment reports.
Standard Life launched its Global Equity Impact Fund last week.