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

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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]

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At Vontobel, we actively shape the future. We create and pursue opportunities with determination. We master what we do – and we only do what we master. This is how we get our clients ahead. As a globally active investment manager with Swiss roots, we specialize in wealth management, active asset management and investment solutions. We harness the power of technology to deliver a high-quality, individual client experience and to deploy our investment expertise across multiple platforms and ecosystems. We empower our employees to take ownership of their work and bring opportunities to life. We do so based on the conviction that successful investing begins with the assumption of personal responsibility. We continuously scrutinize our achievements as we strive to exceed the expectations of our clients. The registered shares of the Vontobel Holding AG are listed on the SIX Swiss Exchange. The Vontobel families' close ties to the company guarantee our entrepreneurial independence. We consider the resulting freedom as an obligation to also assume our social responsibility. As of December 31, 2020, Vontobel held CHF 312.2 billion of total client assets. Around the world and in our home market, we serve our clients from 26 locations.

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