Key Takeaways

• Five European-based climate funds that invest in energy-related start-ups in Africa or Asia include Pictet Global Environmental Opps, iShares Global Clean Energy ETF, BGF Sustainable Energy A2, Pictet Clean Energy, and iShares MSCI South Africa ETF.
• Pictet is the largest climate-aware fund in Europe valued at $7.4 billion USD with operations in Hong Kong, Macao, UAE, and Cyprus.

• After an exhaustive search of annual filings, investor reports, press releases, and financial databases, we were unable to find any information regarding the fund's investors.

Introduction

 

Source

 

Pictet — Global Environmental Opps

• Pictet Global Environmental Opps is the largest climate-aware fund in Europe valued at $7.4 billion USD with operations in Hong Kong, Macao, UAE, and Cyprus. The fund describes itself as follows: "The Compartment applies a capital growth strategy, by investing principally in equities, or in any other transferable security linked to or similar to equities (including structured products as described below), issued by companies throughout the world (including emerging countries). "
• Example Fund Investments: Start-ups
• Huarong International Financial Holdings: $315,000.00 
• A full list of investments can be found beginning on page 100 of the annual report. 

• Achievements/Success:
• The company developed an index that "quantifies the resource usage and pollution emissions expressed as a unit per USD1 million of annual revenue."

iShares Global Clean Energy ETF

• iShares Global Clean Energy ETF is a climate fund based in Europe valued at $5.35 billion with operations in Asia. The fund offers "ETFs that exclude certain business activities that pose risks or don’t match investor preferences."

• Example Fund Investments: Start-ups
• Solaredge Technologies Inc.: $1.34 million 

• Achievements/Success:
• The company has provided visibility to companies in the ethanol & fuel alcohol, geothermal energy, solar energy, biomass & bio-fuel, hydro-electricity, photovoltaic cells, fuel cells, and wind energy sectors.

BGF Sustainable Energy A2

• BGF Sustainable Energy A2 is a climate fund in Europe valued at $3.96 billion USD with operations in Hong Kong, Macao, Singapore, South Korea, Taiwan, and UAE. "The Fund seeks to maximise total return. The Fund invests globally at least 70% of its total assets in the equity securities of sustainable energy companies."

• Example Fund Investments: Start-ups
• Asian Dragon Fund: $13.79 million 

• Achievements/Success:
•  Ranked 18 of 31 in clean energy in the past 12 months.

Pictet-Clean Energy

• Pictet Clean Energy is a climate fund in Europe valued at $3.56 billion USD with operations in Hong Kong, Macao, UAE, and Cyprus. "This Compartment applies a capital growth strategy by investing at least two-thirds of its total assets/total wealth in shares issued by companies that contribute to the reduction of carbon emissions."

• Example Fund Investments: Start-ups
• Temasek Financial: $1.26 million 

• Achievements/Success:
• The company is helping transition energy usage from brown or gray hydrogen to more environmentally-friendly options like blue hydrogen.

iShares MSCI South Africa ETF

•  iShares MSCI South Africa ETF is a European climate fund valued at $305.6 million USD that operates in South Africa. "The iShares MSCI South Africa ETF seeks to track the investment results of an index composed of South African equities."

• Example Fund Investments: Start-ups
• Naspers Limited: $289,996 

• Achievements/Success:
• The fund has an ESG quality score of 100% 

Research Strategy