BNP Paribas launches ecosystem restoration fund

Manager sees an investment opportunity in an area that will "require investment of USD 22 trillion and create business worth USD 6 trillion a year." The fund will be co-managed by Danish manager Ulrik Fugmann.

Ulrik Fugmann & Edward Lees, BNP Paribas AM | Photo: PR / BNP Paribas Asset Management

French asset manager BNP Paribas is launching a thematic environmental fund focusing on ecosystem restoration. The fund offers exposure to companies engaged in the restoration and preservation of global ecosystems and natural capital, the company writes in a statement.

The manager's new fund will be managed by Edward Lees and Danish portfolio manager Ulrik Fugmann, co-heads of BNPP AM's Environmental Strategies Group. This new fund will consist of a high-conviction portfolio of 40-60 holdings picked from 1,000 global firms focused on aquatic, terrestrial and urban ecosystem restoration.

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