UBS Investment Bank is launching a series of investment products aligned with the 17 UN Sustainable Development Goals (SDGs).
A predefined portion of revenues will be donated as philanthropic contributions, managed by UBS’ dedicated philanthropic foundation, the Optimus Foundation.
The new products will be linked to sustainability- and impact-screened indexes based on various themes directed at specific investor groups. Among the themes will be a global sustainability index, a social-equality based LGBTQ investment index, and an index linked to the environment and clean energy.
In its role, the UBS Optimus Foundation will leverage its extensive partner network to identify and support suitable SDG-aligned programs. It will also track each program’s progress and provide a rigorous evaluation of the impact achieved.
The initiative was announced at a media event streamed simultaneously over three UBS locations in Zurich, London and New York, where UBS highlighted its commitment to and progress in supporting the UN SDGs through a growing catalog of sustainable and impact investing products across four business divisions.
Frost Investment Advisors Announces Big Fee Cuts
Frost Investment Advisors, an RIA, announced significant fee reductions to several of the mutual funds in the Frost family.
As of Sept. 1, the management fee for Frost’s Value, Growth and Mid Cap Equity funds dropped by 15 basis points to .50%. The management fee for Frost’s Credit Fund dropped 10 bps to .50%.
The move follows a decision in 2015 to eliminate the front-end loads on Frost Funds’ Investor Class shares.
“This change is consistent with our effort to offer excellence at a fair price,” said Tom Stringfellow, president and chief investment officer of Frost Investment Advisors. “As fee compression has become more common, we’ve seen the median fees fall for the peer groups which compete with our equity strategies,” said Tom Stringfellow, president and chief investment officer of Frost Investment Advisors.
Frost manages $3.47 billion in mutual fund assets as of June 30. The advisor began offering mutual funds in April 2008, initially to serve the needs of institutional clients, expanding to offer retail shares in June 2008. Frost Investment Advisors now offers 10 managed strategies as mutual funds, with most including institutional and investor share classes.
Four New Issuers Join ImpactUs Marketplace
Financial technology provider ImpactUs announced the onboarding of four additional issuers to its impact investing platform, ImpactUs Marketplace.
The Marketplace is a community-driven full-service platform offering institutions, individuals and financial advisors an extensive range of private impact investing opportunities.
The four issuers — Coastal Enterprises, Enterprise Community Investment, Iroquois Valley Farms REIT and MicroVest Capital Management LLC — are mission-driven organizations dedicated to building strong, healthy and successful communities.
Coastal Enterprises is a national leader in rural business development. It helps to grow good jobs, environmentally sustainable enterprises and shared prosperity in Maine and across the country.
Enterprise Community Investment, part of the Enterprise Community Partners family of companies, brings capital to developments that make well-designed homes affordable.
An early adopter of the ImpactUs Marketplace, Iroquois Valley Farms has added its REIT to the platform to enable investors to directly support the growth of the organic food movement by supporting regenerative organic farmers.
Founded in 2003, MicroVest applies a commercial framework to investing in unbanked and underserved markets to address financial inclusion by investing in financial intermediaries serving unbanked and underserved communities around the world.