Societe Generale Private Banking launches a dedicated climate fund

Societe Generale Private Banking markets Moorea Fund – Sustainable Climate Action (Isin code: LU2369747311), fund invested in international companies that operate in sustainable eco-sectors. They must develop solutions that actively contribute to environmental transition. These sustainable eco-activities are renewable energy, energy efficiency, green mobility, green buildings, water, sustainable agriculture and circular economy. The fund must offer a carbon intensity reduced by 20% compared to the MSCI World index of global equities. The portfolio will also have to be aligned with the Paris scenario which foresees a maximum increase in the earth’s temperature of 1.5 to 2° compared to pre-industrial levels. The selection of securities depends on both ESG criteria and demanding financial criteria, with sustainable growth prospects, an excellent financial situation and the delivery of a good return on equity.

Maximum entry fee: 5%; annual management fees: 2%; value of the share: 250 euros.

Investing opinion

There are a large number of funds focusing on the environment and climate theme. It is impossible to know a priori if this new support will be effective or not. We will therefore wait for it to prove itself before possibly recommending it.