eQ Asset Management and Baltic Sea Action Group (BSAG) have launched a cooperation enabling Baltic Sea protection combined with fund investing. eQ will directly channel 85% of the management fee from investments in the BSAG series of Mutual Fund eQ Blue Planet to fund the Baltic Sea protection activities of BSAG.
An investor can choose BSAG series with an annual management fee of 1.75% p.a. upon subscription in eQ Blue Planet fund. A BSAG series investor pays 0.25% more in annual management fees compared with the standard Blue Planet series fees of 1.5%. This additional annual management fee expense goes directly to BSAG. Furthermore, eQ will pay 1.25% of its management fee to BSAG, which multiplies the donation given by the investor in this series by six times. By investing 10,000 euros in the eQ Blue Planet BSAG series, the investor pays an extra 25 euros annually in management fees, but BSAG will get 150 euros in total directly to support the future of The Baltic Sea and our planet.
BSAG and eQ believe in innovative solutions in combating environmental challenges and aim for leadership in protecting our vital environment. The financial model created in cooperation with eQ is an example of such an open-minded initiative – a fund investment simultaneously becomes an investment in a good cause benefiting all. For BSAG, this opens two alternatives for supporters of BSAG, invest or donate.
”Collaboration with eQ is a new way to get people involved in saving the Baltic Sea, and also serves as an example of BSAG’s operations model. An open-minded attitude towards new initiatives, as well as cooperation between a wide variety of actors speeds up the work for our slowly recovering sea”, says BSAG’s Managing Director Johan Schmidt.
“Out of the wide range of eQ’s mutual funds, eQ Blue Planet fits thematically very well with the cooperation between eQ and BSAG – Blue Planet is a sustainable technology fund”, tells Mikko Koskimies, the Managing Director of eQ Asset Management Ltd. eQ Blue Planet invests globally in stocks of companies strategically positioned to improve the sustainability of the usage of critical natural resources. “The fund suits environmentally minded investors aiming to participate in the development of data usage, artificial intelligence and Internet of Things (IoT) by investing in the leaders of technological transformations making our planet smarter in combating climate change”, says Koskimies.