J. Safra Sarasin has blended an alternative energy fund into a wider ESG strategy, Citywire Switzerland’s sister website Citywire Selector has learned.
The JSS OekoSar Equity – Global strategy has absorbed the JSS Sustainable Equity – New Power fund. The merged fund will be managed by Giles Money, who was previously portfolio manager for both strategies.
J. Safra Sarasin made the decision on the grounds that the former ‘new’ sources of power have now become more mainstream. In a positive development for the sector, the latest auctions for these energy sources were awarded without any subsidies.
You can read more about this story on Citywire Selector.