MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, March 7, 2023 A $128B-AUM Firm Adds a Value ESG Fund The team at a $128.4-billion-AUM (as of January 31) asset manager is rolling out an ESG stock fund with a large-cap value focus.
Poggi serves as the PM for the new fund, while Brown serves as investment advisor. The fund currently comes in two flavors: institutional shares (BASVX) for 71 basis points; and investor shares (BISVX) for 86 bps. Both share classes come with a 45-bps fee waiver promised through October 31, 2024. Poggi describes the new fund as combining Brown's experience in ESG, large cap, and value investing. (The new fund appears to be Brown's sixth ESG fund, and Brown also offers at least two more value funds.) "This approach allows us to uncover undervalued companies that others may overlook," Poggi states. "Within our Large-Cap Sustainable Value strategy, we look for companies with what we call 'sustainable cash flow advantages' which can be identified through sustainable drivers tied to people, process and/or products," states Kroll, who serves as director of equity ESG research and strategy at Brown. The new fund's other service providers include: SS&C's ALPS Distributors, Inc. as distributor and principal underwriter; Dechert LLP as counsel; Tait, Well & Baker LLP as independent accounting firm; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, fund accountant, and transfer agent; and U.S. Bank N.A. as custodian. Printed from: MFWire.com/story.asp?s=65669 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
