Industry Updates

Smart Pension adds JP Morgan carbon transition ETF to fund

Workplace pension provider aiming for investments to be net zero by 2040

Theo Andrew


Workplace pension provider Smart pension has added JP Morgan Asset Management’s (JPMAM) carbon transition equity ETF to its default growth fund after making its range fully sustainable earlier this year.

The JP Morgan Carbon Transition Global Equity UCITS ETF (JCPT) has been included in its default growth fund, which is aiming to be net zero by 2040.

In January, Smart Pension said it had become the first provider to offer its customers a range of fully sustainable growth funds.

Launched in November 2020, the ETF has seen its assets under management grow from $39.5m last September to $635.9m following Smart Pension’s investment.

JCPT is labelled Article 9 under the Sustainable Finance Disclosure Regulation (SFDR) after being upgraded last September.

According to JPMAM, the ETF includes ESG criteria, investment analysis and decisions on at least 90% of its securities.

As per the European Union’s Climate Transition Benchmark framework, the index will aim to achieve at least a 7% reduction on average of greenhouse gas emissions per annum and an overall reduction of at least 30% compared to the investible universe.

Paul Bucksey, CIO at Smart Pension, said: “We chose JCPT because it is committed to companies carrying out simple changes to make a big difference: lowering their carbon emissions, reducing harmful waste and improving their sustainability processes.

“Now more than ever before, investing in a lower carbon economy is crucial for our future.”

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