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SAO PAULO – In partnership with French manager AXA IM, XP Inc. launched a new ESG Stock Fund (an acronym for Environmental, Social and Corporate Governance) this Wednesday (20) that invests in companies focused on the concept of a “clean economy.” .
Aimed at qualified investors, the AXA Clean Economy Limpa Fund has an administration fee of 0.8% per annum and an initial investment of R$500 with no entry or exit fees. Portfolio companies operate in four main areas: low-carbon transportation, conservation of natural resources, smart energy and agri-tech.
“The growing demand for energy, transportation, food and water is driving the creation of a new ecosystem of companies focused on the development of battery technologies, smart energy, agricultural technology, electric vehicles, etc. Says Beatriz Verguero, Head of ESG Products at XP “The fund accurately invests in these assets to adapt to the new trends.”
The fund invests in stocks of companies in the United States, Spain, France and Germany in various sectors, such as healthcare, technology and real estate. Companies included in the portfolio include Hannon Armstrong (HASI), NextEra Energy (NEE), Siemens, Tesla (TSLA).
AXA IM, with approximately $1 trillion in assets under management, are three other funds distributed by XP.
