May Fund Round-Up: Industry Steps Up To Climate Challenge

May saw a shake-up in the Investment Association fund sectors, Terry Smith step back from his emerging market trust and a raft of new "green" fund launches 

Emma Simon 30 May, 2019 | 8:53AM

energy 

The debate around climate change seems to have moved into the political mainstream in recent months. It has also become a far more pressing issue within the fund management industry, and this is reflected in a number of new fund launches and rebrands this month.

Many fund managers now talk of ESG (environment, social and governance) focused funds. These aim to consider these ‘risk’ factors alongside traditional metrics, such as cash flow and debt levels, when deciding where to invest. As a result, they may favour companies that take a more positive approach to issues such as reducing carbon emissions or promoting more equal pay policies. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock Energy and Resources Income64.32 GBX-0.12
Fundsmith Emerging Equities Trust1,102.73 GBX-0.21
Smithson Investment Trust Ord1,338.00 GBX0.60

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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