A NEW type of ethical tracker fund which underweights carbon intensive companies is set to be one of the early retail launches in 2007.
Environmental research company Trucost, which released a Carbon Footprint ranking of UK investment funds earlier this year, is behind the launch in conjunction with investment management partners. Simon Thomas, chief executive of Trucost, said: “We carried out research over the past three years on the performance of funds and their carbon identities which found there was no correlation between investment performance and carbon intensity. "It led us to thinking about a carbon optimised version of the FTSE 350 which would underweight the worst companies for carbon emissions such as oil and ...
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