The wealth management titan has invested an undisclosed amount into the new strategy from the Anglo-American fund management house.

UBS Global Wealth Management has invested into Columbia Threadneedle Investments’ newly-launched Sustainable Global Equity Enhanced Income Strategy. 

Columbia Threadneedle Investments didn’t disclose, however, how much money the Swiss bank has put into the strategy, which was launched in late August.

The portfolio includes an “overlay” strategy to enhance the portfolio’s income, with a combined target yield of between 4 and 8 per cent per annum. The strategy examines sustainability themes to identify 30 to 50 companies that can benefit from these ideas.

“Sustainability is a key fundamental trend that will continue to shape markets, in our view. We are, therefore, pleased to bring to life this new sustainable investment solution in collaboration with an esteemed industry partner, to offer our clients exclusive access to a strategy that is aligned with market trends and contributes to portfolio diversification,” Bruno Marxer, head of global investment management at UBS GWM, said.

Columbia Threadneedle Investments takes care of $617 billion of assets for individual and institutional clients worldwide.