Bellevue Asset Management has launched a sustainable healthcare fund, the firm has announced.
The BB Adamant Sustainable Healthcare (Lux) fund invests in healthcare companies that combine sustainability with an innovative business model.
The fund management team includes Zahide Donat and Samuel Stursberg.
The selection criteria takes into account factors such as pricing policies – ideally making medicines available as cheaply as possible – high safety standards and a commitment to ethical trials.
The fund’s investment strategy is based on the Adamant Healthcare index, which selects the 40 most attractive stocks – 10 each for Western Europe, North America, Japan/Oceania and emerging markets.
Head of healthcare funds and mandates at Bellevue Asset Management, Cyrill Zimmermann, said: ‘A company must meet several criteria to qualify for inclusion in the fund’s portfolio. It must rank among the most sustainable companies in their industry (best-in-class approach) and comply with the principles of the UN Global Compact. It must not be associated with any serious ESG-relevant controversies nor pursue any controversial business activities in the healthcare sector.’