The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
BNP Paribas
Two units of BNP
Paribas have launched the THEAM Quant New Energy
Opportunities fund that taps into investments seen as fitting
closest to the net zero transition theme.
The fund is the brainchild of BNP Paribas THEAM Quant strategies
and BNP Paribas Exane Research.
The underlying strategy employs BNP Paribas QIS’ investment
approach, combining artificial intelligence data processing with
industry expert analysis.
“With growing interest in both sustainable and thematic
investing, the strategy is one of the most exciting thematic
investment products in the sector on the market today,” Vincent
Berard, head of BNP Paribas global markets’ product strategy for
THEAM Quant funds, said.
The strategy commits to companies classified as
“Sustainable Investment” within the context of the European MIFID
II regulation, including those that contribute towards the UN
Sustainable Development Goal (SDG) objectives without any adverse
impact on other objectives, BNP Paribas said.
The THEAM Quant fund range offers quantitative funds, and these
fit with clients’ various risk/return profiles.
Praetura Investments
Praetura
Investments, a Manchester-based alternative asset manager,
this week launched and made its first allotment of shares in its
Praetura Growth VCT.
Having raised over the required £3 million ($3.76 million) mark,
the VCT’s objective is to back some exciting scale-up businesses
in the North of England, drive capital growth and target a
regular annual dividend commencing in 2027, in addition to
special dividends from the proceeds of completed exits of
portfolio companies.
Praetura Growth VCT, which remains open for subscriptions, will
focus on investing in companies based in the North of England,
enabling investors to diversify their portfolio and also help
address the structural imbalance in the UK venture capital
market. This was identified by Praetura’s research, which
revealed there is a £9 billion funding gap for Northern small
businesses seeking capital for growth, the firm said in a
statement.
