Virgin Money has launched a new Climate Change fund, targeting companies with a ‘lighter footprint' than their sector peers.
Accessible to IFAs through Cofunds, the fund is unlike many of its ‘green’ counterparts, as it can invest in all industry sectors. GLG Partners, traditionally an institutional and high net worth manager, will run the new fund using data from environmental research organisation Trucost. At least 75% of the portfolio will be invested in European companies which have a better than average carbon footprint for their sector, 15% will be invested in companies adopting environmental best practice and up to 10% will be in firms specialising in solutions to environmental problems. Similar to the ...
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