BNP Paribas Asset Management launches BNP Paribas Environmental Infrastructure Income Fund
20 OCT, 2025
By Joanna Piwko from RankiaPro Europe
BNP Paribas Asset Management (BNPP AM) announces the launch of its BNPP Environmental Infrastructure Income Fund, leveraging the long-standing expertise of its Environmental Strategies Group in environmental-themed investing. This launch expands BNPP AM’s product offering for investors seeking sustainable growth opportunities.
The Fund will invest globally in listed critical environmental infrastructure, covering:
- Power & Digital Infrastructure
- Water & Waste Management
- Transportation Infrastructure
This approach offers clients a long-term secular theme with strong tailwinds from recent investment programs in Europe and the U.S., promoting resilient infrastructure and energy security.
Investment Focus:
- Defensive listed infrastructure: Companies benefiting from regulated returns, long-term contracts, inflation-adjusted revenue streams, and earnings visibility.
- Reduced economic sensitivity: Less exposed to broader market cycles than typical equities.
Main Characteristics:
- Diversified & Defensive: Targets companies benefiting from rising demand for power, data centers, water/waste upgrades, and improved transportation infrastructure.
- Environmental Focus: Unique SFDR Article 9 listed infrastructure fund focused on critical environmental assets, avoiding cyclical fossil fuel or discretionary social infrastructure.
- Quantitative Portfolio Construction: Leverages the team’s quantitative capabilities with focus on high dividend yield, earnings visibility, and low volatility.
- Global Exposure: Focus on Europe & the U.S., primarily in Utilities and Industrials.
The Fund consists of a diversified portfolio of ~70-90 holdings, selected from a universe of ~350 global companies across the Fund’s core environmental themes.
Management Team:
The Fund is co-managed by Edward Lees and Ulrik Fugmann, Co-Heads of the Environmental Strategies Group, both with 25+ years of industry experience across global power, water, waste, and related infrastructure investments.
Strategic Positioning:
This Fund complements BNPP AM’s existing range of Environmental Strategies Group funds, from the innovative, benchmark-agnostic BNPP Clean Energy Solutions Fund to regional and global Environmental Solutions Funds. The team leverages Article 9 investment capabilities and proprietary quantitative portfolio construction tools to deliver positive environmental investment outcomes.
BNPP AM ranks second globally in active thematic investing based on AUM in this space.
Co-Heads Statement:
"Global environmental infrastructure unites the world’s most significant megatrends: energy security, digital innovation, demographic change, and positive environmental outcomes. With $69 trillion required to maintain and upgrade critical infrastructure by 2035, investors can capitalize on opportunities through listed infrastructure, benefiting from defensive characteristics, attractive dividends, earnings stability, and access to leading companies. Governments like Germany and the U.S. are driving this with ambitious infrastructure funds, setting the stage for a new era of environmental infrastructure development."
Key Fund Details
- Name: BNP Paribas Environmental Infrastructure Income
- Legal Structure: Sub-fund of BNP Paribas Funds SICAV, Luxembourg
- Management Company: BNP Paribas Asset Management Luxembourg
- Delegated Management Company: BNP Paribas Asset Management UK
- Custodian: BNP Paribas Securities Services - Luxembourg branch
- Launch Date: 10 October 2025
- Base Currency: Euro
- Share Classes & ISIN Codes:
- Classic Capitalisation: LU3078530279
- Classic Distribution: LU3082773568
- I Capitalisation: LU3078530865
- N Capitalisation: LU3078530436
- Privilege Capitalisation: LU3078530519
- Privilege Distribution: LU3082774889
- Registered for Sale In: UK, Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Portugal, Slovakia, Spain, Sweden, Switzerland
- Benchmark: Dow Jones Brookfield Global Green Infrastructure Index (EUR)
