This fund has recently launched and has just passed its first-year anniversary.
It aims to capitalise on the changing world and the opportunities decarbonisation offers by allocating to those companies with at least 50% of their revenue from sectors with quantified carbon avoided. They consider it important to invest in one of the fastest growing markets, where structural growth of over $2.4 trillion a year is needed to limit global temperature rises.
This is a new team and fund and they are looking to have a highly concentrated portfolio of between 20 and 40 names, from a universe of around 700 companies. There is about a 10% overlap with the MSCI World Index, so it is likely to be different to other funds within the sector. They have no bias to growth, value of quality and are happy to invest in small and mid-cap depending on where the opportunities lie…..read more