SNB Capital, Saudi Arabia’s largest asset manager, has announced the launch of its open-ended, actively managed Global Megatrends Fund, which will invest in future-focused industries with the digital transformation, sustainable investments, and rapid urbanisation agenda currently at the centre of its mandate.

The fund’s investment mandate is to outperform global equities by accessing these exciting investment opportunities with long term positive impacts on the domestic and global economy, which supports the objectives of Vision 2030 to drive capital towards sustainable investments.

With this dedicated focus on positive sustainability characteristics, the fund also provides local investors with an exposure to the rapidly growing universe of sustainable and ESG investing, which according to a Bloomberg report on investment trends is expected to exceed $53 trillion by 2025, representing more than a third of the $140.5 trillion in projected total assets under management.

The actively managed global equity fund will identify opportunities to capture potential earnings growth and share price performance available in several rapidly growing global sectors during this period of major technological transformation. These include sectors such as electric cars, renewable energy, as well as digital transformation, to keep the fund's investments in line with technological developments and innovations in the global economy.

The focus on disruptive industries also gives local investors an opportunity to diversify their portfolios through investing in long term global trends with complementary sector and regional exposures, while benefitting from the SNB Capital’s asset management expertise that provides access to a broad range of equity instruments and unique opportunities.

Rashed Sharif, Chief Executive Officer at SNB Capital, said: "The launch of our Global Megatrends fund serves to underscore our broad ambitions to provide increased access to global opportunities that support the transformation of the global economy. As the leading asset manager in Saudi Arabia, one of the fastest growing G20 countries, we are committed to innovation and identifying opportunities in new industries and technologies that will augment the future of the economy and daily lives. This fund provides our clients with a unique opportunity to access a best-in-class product that supports diversification and sustainability.”

The SNB Capital Global Megatrends Fund is aimed at both institutional and retail investors, and potential investors are invited to view more information on the Fund Here.