J.P. Morgan’s specialist asset management business Mansart has launched the J.P. Morgan Mansart iCubed Global Equity Select Fund, a new fund aimed at providing exposure to developed market equities, while delivering substantially enhanced sustainability characteristics and maintaining low tracking error to its parent universe.
The new fund will track the Solactive iCubed Global Sustainability Index, designed by index developer Solactive and sustainability-focused investment advisor and data provider Impact Cubed. The index tracks large and mid-cap stocks in developed markets included in the Solactive GBS Developed Markets Large & Mid Cap Index, and aims to deliver sustainability attributes including and 80% reduction in Scope 1 and 2 emissions, and 50% in Scope 3 emissions, as well as 90% lower water consumption and waste generation intensity, while also incorporating improved SDG alignment across environmental and social dimensions, governance enhancements in board independence, gender diversity, and executive pay gap, and stringent sustainability-based exclusion criteria.
The index also utilizes weighting rules in order to ensure diversification and minimize unintended factor tilts. According to Solactive, the index was engineered to address the tradeoff often seen in climate benchmarks of achieving sustainability targets by assuming elevated concentration risk or high tracking error.
Timo Pfeiffer, Chief Markets Officer at Solactive, said:
“The strength of this tri-party collaboration lies in its balance: institutional-grade fund management from J.P. Morgan Mansart, factor-driven sustainability from Impact Cubed, and independent index expertise from Solactive—together creating a product that keeps active risk in check while advancing sustainable equity investing.”
Aston Chan, Chief Investment Officer and Head of Investment Solutions at Impact Cubed, added:
“We have consistently observed that many existing sustainability indices under-deliver for institutional investors, offering a poor trade-off between sustainability and tracking error. The Solactive iCubed index has closely tracked its parent benchmark even through the elevated market volatility of early 2025, while climate and PAB indices from major providers lagged. This validates our factor-investing methodology and robust risk controls.”
