Neuberger Berman Broadens UCITS Range With Climate Innovation Fund

This is a marketing communication. Please refer to the fund prospectus and offering documents, including the Key Information Document (“KID”) or Key Investor Information Document (“KIID”) as applicable, before making any final investment decisions. Investors should note that by making an investment they will own shares in the fund, and not the underlying assets.

London, September 4, 2023 – Neuberger Berman, a private, independent, employee-owned investment manager, has launched the Neuberger Berman Climate Innovation Fund.

The UCITS fund will be run by New York-based portfolio managers, Evelyn Chow and Charlie Lim, who have a two-year track record in the strategy. They will be backed by Neuberger Berman’s global equity research team of more than 49 investment professionals, as well as the firm’s data science and ESG teams.

Designated as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR) and benchmarked against MSCI All-Country World Index (ACWI) (Total Return, Net of Tax, USD), the fund focuses on the key enablers and beneficiaries of climate innovation, by combining rigorous fundamental analysis with Neuberger Berman’s recognised leadership in environmental, social, and governance (ESG) investing.

The fund seeks to capture alpha by investing in technologies and solutions along the climate technology maturity curve, and will maintain 30–60 global equity holdings.

The Neuberger Berman Climate Innovation Fund builds on a robust platform of thematic equity investing that spans themes ranging from next-generation mobility to the space economy.

Evelyn Chow comments: “Behavioural changes will only get us so far - we see a EUR 90tn funding gap from now through 2050 to address climate change. According to the International Energy Agency (IEA), over 90% of the emissions reduction required to reach net zero will stem from the proliferation of low carbon technologies.”

Charlie Lim adds: “As such, we need to triple the level of annual investment taking place to combat climate change, which is driving the emergence of a new, historic capex cycle. We believe that investing in climate innovation offers both a secular growth opportunity and a boon to society.”

Sarah Peasey, Head of Europe ESG Investing at Neuberger Berman, states: “Our clients are increasingly cognisant of the risks and opportunities that exist around climate change and the broader energy transition, whilst also recognizing that this can affect all asset classes, across public and private companies in their portfolios. As technology and policy converge to support climate innovation, we believe this theme offers compelling opportunities for investors by directing capital to companies developing the most effective technologies whilst also allowing them to participate in a more sustainable society.”

Investing in the fund is subject to risk, including equity, market, emerging markets, liquidity, smaller companies, concentration, stock connect, counterparty, operational, currency and derivatives risk.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. Neuberger Berman’s investment philosophy is founded on active management, engaged ownership and fundamental research, including industry-leading research into material environmental, social and governance factors. Neuberger Berman is a PRI Leader, a designation awarded to fewer than 1% of investment firms. With offices in 26 countries, the firm’s diverse team has over 2,750 professionals. For nine consecutive years, Neuberger Berman has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). The firm manages $443 billion in client assets as of June 30, 2023. For more information, please visit our website at www.nb.com.

Media Contacts:

Fiona Kehily, +44 (20) 3214 9087, Fiona.Kehily@nb.com