OppenheimerFunds Unveils Global Multi-Asset Growth Fund
New York-based OppenheimerFunds has launched a new Global Multi-Asset Growth Fund.
The new fund will invest across asset classes, attempting to efficiently provide risk-adjusted growth while mitigating downside risk and volatility.
CIO Mark Hamilton and portfolio managers Dokyoung Lee, Alessio de Longis and Benjamin Rockmuller will co-manage the fund.
Since joining OppenheimerFunds in 2013, Hamilton has led a 20-person investment team with deep experience across traditional and alternative assets and expertise in quantitative, fundamental and macroeconomic analysis.
Founded in 1959, Oppenheimer managed over $233 billion in assets as of July 31, 2015.
New Index Tracks Climate-Friendly Companies
San Francisco-based Etho Capital has launched the Etho Climate Leadership Index, the first index of climate change leaders.
The new index will exclude fossil fuel companies while focusing on climate efficiency and social responsibility in an attempt to take advantage of the growing fossil fuel divestment movement.
To find names for the index, Etho Capital reviewed more than 5,000 commonly traded public companies and identified the most carbon-efficient climate leaders in each industry, combining quantitative data, socially responsible investing expertise and broad sector diversification.
Etho Capital plans to launch an ETF comprising these equities later this year.