Sarasin is to launch a socially responsible equity investment fund to the UK market during the third...
Sarasin is to launch a socially responsible equity investment fund to the UK market during the third quarter, writes David Griffiths.
The onshore fund has gained FSA approval and Sarasin is looking to finalise details on the portfolio over the next few weeks.
Sarasin Global Sustainability fund is likely to mirror the structure of two existing Luxembourg funds that Bank Sarasin manages on behalf of Sarasin Investment Funds, both portfolios are run by Andreas Knorzer. One of these is the Sarasin OekoSar Portfolio is aimed at retail and institutional investors. It invests in industry leaders which have demonstrated a commitment to sustainable economic development and is intended to produce respectable rather than spectacular growth.
It will not be invested in certain industries such as defence, auto, nuclear power or agro-chemicals. The fund has total assets under management of £125.41m.
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