Gordian Capital Singapore Pvt. Ltd. and sustainable investment ecosystem GoImpact are set to launch an environmental, social and governance fund, DealStreetAsia reported.

The fund is expected to launch in the first quarter and has a target of US$100 million in assets under management.

The fund is targeting net positive companies offering good returns on the back of "tested and proven ESG framework," the report said.

The fund is the first vehicle domiciled in Singapore under the Monetary Authority of Singapore's variable capital company pilot program, a framework that encourages fund managers to domicile their vehicles in the city-state.