Schroders launches global climate change fund

Schroders says the fund is the first of its kind in the UK offering investors global exposure to companies taking measures to reduce carbon dependency or adapt to the effects of climate change. The aim of the fund is to provide long term outperformance of the MSCI World Index from a concentrated portfolio of 50 to 80 stocks comprising the best stock ideas from the fund’s joint managers, Simon Webber and Matthew Franklin. However, stocks will be selected and weightings determined independently of the index. Schroders has established a proprietary database of companies where the effects...