Asset Management

Vontobel hires industry veteran to manage newly launched impact fund

Vontobel has expanded its suite of sustainable funds with the addition of a new global impact equity fund. This will be managed by newly-appointed Elena Tedesco, a highly experienced Portfolio Manager who further strengthens Vontobel’s growing Listed Impact team.

Elena Tedesco has joined Vontobel as a Portfolio Manager with responsibility for the newly launched Vontobel Fund II- Global Impact Equities on June 7. Elena joins Vontobel from Federated Hermes, where she was the co-portfolio manager for the global emerging markets ESG strategies and Director of Sustainability for the Global Emerging Markets team. She has over 20 years of experience in integrating sustainability in fundamental equity analysis and engagement and was responsible for developing the investment approach to sustainability and ESG issues for Federated Hermes’ emerging markets equity strategies. Prior to that, Elena was an analyst at Deminor, a Belgium-based independent research boutique, now part of ISS within Deutsche Börse group. She holds a degree in Economics and Business Administration, a Master's degree in European Economic Affairs from the College of Europe, and is a CFA charterholder.

The new Global Impact Equities fund seeks a “double dividend” for investors by investing in companies which contribute to the advancement of the United Nations Sustainable Development Goals (SDGs) and targets as well as delivering attractive performance. The fund invests in companies that are helping to address critical challenges such as pollution and climate change, resource scarcity, food distribution, population growth, insufficient healthcare, rising inequalities, financial exclusion and illiteracy. Under SFDR regulations the fund qualifies as an article 9 fund.

The fund targets eight investable areas, with four of these focusing on companies that work towards a better environment: clean energy, clean water, sustainable cities and innovative industry and technology. The remaining four areas pertain to societal change: good health and wellbeing, sustainable food, responsible consumption and equal opportunities.

“Elena is well-known in the industry as an expert on sustainability and has been at the vanguard of ESG for the last two decades. Her strong background and experience in broader ESG issues as well as specifically in impact investing will play a key role in further strengthening Vontobel’s expertise in the impact space to generate value for our clients” comments Dan Scott, Head of Impact & Thematics.

“We believe the increasing demand for innovative solutions that contribute to a better environment and societal change will lead to market share gains, pricing power and rising stock prices. Moreover, such companies are less exposed to tightening regulation than their competitors. We are committed to creating real and tangible change through this positive impact fund, including continued engagement with companies on the most pressing societal and environmental issues” says Elena Tedesco, Portfolio Manager.

Vontobel has been offering sustainable and impact solutions since 2008. The launch of the Global Impact Equities fund is a further testament of the firm’s commitment to taking responsibility on how investments can influence society.

Vontobel Fund II- Global Impact Equities  
Fund domicile Luxembourg
Fund currency EUR
Fund manager Elena Tedesco
Management fee in % p.a. I share class: 0.83% (Institutional share class)
ISIN I EUR: LU2294185561

This marketing document was produced by one or more companies of the Vontobel Group (collectively "Vontobel") for institutional clients, for distribution in AT, CH, DE, FR, LU, ES, GB, IT and SE.

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Interested parties may obtain the above-mentioned documents free of charge from the representative in Switzerland: Vontobel Fonds Services AG, Gotthardstrasse 43, 8022 Zurich, the paying agent in Switzerland: Bank Vontobel AG, Gotthardstrasse 43, 8022 Zurich , the paying agent in Austria: Erste Bank der oesterreichischen Sparkassen AG, Graben 21, A-1010 Vienna, the paying agent in Germany: LBBW Landesbank Baden-Württemberg, Große Bleiche 54-56, 55116 Mainz, the paying agent in France: Société Générale Securities Services Tour Granite 17, cours Valmy Paris La Défense 7, 75886 Paris Cedex 18, France, from the authorized distribution agencies and from the offices of the fund at 11-13 Boulevard de la Foire, L-1528 Luxembourg. Refer for more information on the fund to the latest prospectus, annual and semi-annual reports as well as the key investor information documents (“KIID”). These documents may also be downloaded from our website at vontobel.com/am.

The KIID is available in Swedish.

Refer for more information regarding subscriptions in Italy to the Modulo di Sottoscrizione. For any further information: Vontobel Asset Management S.A., Milan Branch, Piazza degli Affari 2, 20123 Milano, telefono: 0263673444, e-mail [email protected]

In Spain, funds authorized for distribution are recorded in the register of foreign collective investment companies maintained by the Spanish CNMV (under number 280). The KIID can be obtained in Spanish from Vontobel Asset Management S.A., Spain Branch, Paseo de la Castellana, 95, Planta 18, E-28046 Madrid or electronically from [email protected]

The fund authorised for distribution in the United Kingdom and entered into the UK’s temporary marketing permissions regime can be viewed in the FCA register under the Scheme Reference Number 466625. The fund is authorised as a UCITS scheme (or is a sub fund of a UCITS scheme) in a European Economic Area (EEA) country, and the scheme is expected to remain authorised as a UCITS while it is in the temporary marketing permissions regime. This information was approved by Vontobel Asset Management SA, London Branch, which has its registered office at 3rd Floor, 70 Conduit Street, London W1S 2GF and is authorized by the Commission de Surveillance du Secteur Financier (CSSF) and subject to limited regulation by the Financial Conduct Authority (FCA). Details about the extent of regulation by the FCA are available from Vontobel Asset Management SA, London Branch, on request. The KIID can be obtained in English from Vontobel Asset Management SA, London Branch, 3rd Floor, 70 Conduit Street, London W1S 2GF or downloaded from our website vontobel.com/am.

The Sub-Fund’s investments may be subject to sustainability risks. The sustainability risks that the Sub-Fund may be subject to are likely to have an immaterial impact on the value of the Sub-Funds’ investments in the medium to long term due to the mitigating nature of the Sub-Fund’s ESG approach.

There is a risk of inaccurately assessing a security or issuer based on inaccurate or incomplete data from third party ESG research data providers.

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