KUALA LUMPUR: Manulife Investment Management (M) Bhd (Manulife IM) launched its Manulife Global Energy Transition Fund to support the move towards a carbon neutral economy and mitigate the impact of climate change.

       In a statement, it said this will be a wholesale feeder fund that aims to provide capital appreciation by investing at least 95% of the fund’s net asset value (NAV) in BNP Paribas Funds Energy Transition (target fund).

       The target fund is managed by BNP Paribas Asset Management Luxembourg and the remaining NAV of the fund will be invested in liquid assets.