Photo by Bernard Spragg NZ via Wikimedia Commons.

BOCHK adds UBS green investment fund to mobile platform

The fund has a 6% per annum dividend distribution and allocated 20/80 in stocks and bonds.

Bank of China (Hong Kong) (BOCHK) has added the UBS (Lux Strategy) SICAV - Income Sustainability fund in its platform, offering green investment opportunities to its customers.

The fund aims to generate diversified income sources for investors with a 6% per annum dividend distribution by allocating a 20/80 portfolio in stocks and bonds. The fund includes nine diversified sustainable investment strategies such as ESG-themed equities, green bonds and multilateral development bank debts, BOCHK said.

ALSO READ: BOC HK, BOC Life launch green savings insurance plan

The asset size of global ESG funds is expected to increase at a compound annual  growth rate of over 10% to an unprecedented level by 2026 or before, more than 80% higher compared with $18.4t in 2021, noted Joyce Leung, assistant general manager, personal digital banking product department for BOCHK. 

“BOCHK is pleased to be the exclusive retail distributor of ‘UBS (Lux) Strategy SICAV  - Income Sustainable’ to offer customers another income stream and meet their increasing  demand for green investment,” Leung said.

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