This is a brand-new fund launch from Regnan, and their first thematic fund. The team ran a successful strategy at Fidelity before leaving and setting up at their new home. The fund is due to be launched on 13 September.
It will look to hold between 35 and 50 stocks and allocate roughly 60% in water and 40% in waste. The strategy they ran at Fidelity was launched in 2018 and was one of the fastest ever impact raising strategies in Europe. Over time the direction the team wanted to go differed from Fidelity, and Regnan seemed the best bit for them.
They see this as a global fund but with no real benchmark. The storey focuses around 5 drivers – urbanization, consumption, infrastructure pressure, regulations and health and resource and scarcity. They believe that in looking for good companies it is about understanding what makes the world work. In their view water and waste is the story of civilisation….read more