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Vanguard Announces Launch of Environmental Opportunities Fund

ESG Funds Investing News

Vanguard Announces Launch of Environmental Opportunities Fund

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Vanguard Global Environmental Opportunities Stock Fund is now available for investment. Starting today, investors can purchase shares during a two-week subscription period. The fund will begin pursuing its investment objective on November 16, 2022.

Managed by Ninety One North America, Inc., the fund takes a structured, research-driven approach to investing that targets companies seeking to accelerate the transition to a low-carbon world. Portfolio managers Deirdre Cooper and Graeme Baker invest in companies that they believe will benefit from long-term structural tailwinds driven by the global transition to a lower-carbon economy. The fund invests in approximately 25 companies involved in activities including renewable energy, resource efficiency, and electrification.

“Creating funds with enduring investment merit is the cornerstone of Vanguard’s disciplined product development efforts,” said Dan Reyes, head of Vanguard Portfolio Review Department. “Vanguard Global Environmental Opportunities Stock Fund is designed to meet the long-term investment needs and preferences of clients who want a concentrated, actively managed fund focused on decarbonization.”

The fund caters to environmentally conscious investors who have a higher risk tolerance and want to augment a broadly diversified portfolio. At launch, the fund will have both Investor Shares (ticker: VEOIX, expense ratio: 0.75%, minimum initial investment: $3,000) and Admiral Shares (VEOAX, 0.60%, $50,000).

See related article: Vanguard Unveils ESG ETFs That Exclude Controversial Assets

Vanguard’s active management leadership

Since its founding in 1975, Vanguard has been a leader in active management. Vanguard partners with world-class investment advisors to offer investors a broad range of actively managed equity, bond, and balanced funds.

The Global Environmental Opportunities Stock Fund is the first Vanguard fund managed by Ninety One. The fund’s portfolio managers have extensive expertise and a proven track record in global and decarbonization investing. Deirdre Cooper is head of sustainable equities at Ninety One and has developed deep experience in sustainable investing throughout her 25-year career in the industry. Graeme Baker is a portfolio manager on the sustainable equities team with 16 years of industry experience. 

Disciplined product development

Vanguard’s broad, yet carefully defined, lineup of investment solutions is tailored to meet the diverse needs of global investors. Before launching a new fund, Vanguard rigorously evaluates whether the fund has enduring investment merit, fulfills the long-term investment needs and preferences of its targeted clients, and has the potential to be world class. Vanguard scours the globe to find leading active investment managers who bring differentiated capabilities and talent to the management of Vanguard funds.

Source: Vanguard

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