1 FEB, 2023
By RankiaPro Europe
Credit Suisse Asset Management today launches the Credit Suisse (Lux) Energy Evolution Equity Fund, expanding its Thematic Equity offering to seven themes. The fund will invest in pure-play companies across the entire energy value chain, which contribute to several of the UN Sustainable Development Goals. The subscription period to the seeding share class for retail and institutional investors starts today and will remain open until the fund is launched on March 7, 2023.
Taking a pure-play approach, the Credit Suisse (Lux) Energy Evolution Equity Fund focuses its investments on companies that generate at least 50% of their revenues from products and solutions that facilitate the evolving transition from fossil fuels to cleaner energy. The portfolio will contain 40 to 60 companies across the entire energy value chain that aim to benefit from long-term growth drivers such as scarcity in particular material and chemical resources, decarbonization through the electrification of energy consumption, and the decentralization of energy systems.
The investment process is based on bottom-up fundamental analysis, ESG integration, and impact assessments. The fund seeks to advance the UN Sustainable Development Goals by investing in companies contributing to goals 7 (Affordable and Clean Energy), 9 (Industry, Innovation, and Infrastructure), and 13 (Climate Action), while also focusing on active ownership and engagement.
Dirk Hoozemans will serve as the Lead Portfolio Manager for the fund. He brings more than 20 years of experience in portfolio management and joined Credit Suisse in August 2022 from Triodos Investment Management, where he was manager of an impact strategy, focused on small- and mid-cap companies globally, and designed a new impact-driven investment process. Prior to that, Dirk was a Senior Portfolio Manager at Robeco Asset Management and managed an energy strategy.
“I’m delighted that our pure-play and long-term approach to Thematic Equity investment resonates so well with our clients. The Energy Evolution strategy broadens our footprint into themes with an impact on sustainability and I am convinced this powerful theme will provide an interesting long-term investment opportunity.”Angus Muirhead, Head of Equities at Credit Suisse Asset Management.
“The energy transition is at an inflection point: renewable energy is the most economical way to achieve the dual objective of mitigating climate change and advancing energy security. I’m looking forward to managing this exciting portfolio and being part of Credit Suisse’s Thematic Equity team, which has a longstanding track record.”Dirk Hoozemans, Lead Portfolio Manager of the Credit Suisse (Lux) Energy Evolution Equity Fund.
The Credit Suisse (Lux) Energy Evolution Equity Fund will be domiciled in Luxembourg and provide daily liquidity. The subscription period starts today, February 1, 2023, and runs until March 7, 2023, the fund’s launch date. During the subscription period, three seed share classes – USD SB, CHF SBH, and EUR SBH – will be offered, with a management fee of 0.60% p.a. and no performance fee. The fund is available to retail and institutional investors.
First introduced in 2006, Credit Suisse’s Thematic Equity strategies include robotics and automation, security and safety, digital health, edutainment, environmental impact, and infrastructure. All funds follow a pure-play approach oriented toward significant and forward-looking themes that will define the coming decades in investing and beyond.