Legal & General Investments is launching a passive fund investing in global equities focused on providing solutions to energy, resources and environmental issues.
The Global Environmental Enterprise fund has been launched in conjunction with Osmosis Investment Management, who specialise in environmental opportunities. The fund is benchmarked against the 100 stocks in the Osmosis Climate Solutions index, and will be run by LGIM's Robert Dowling, also in charge of the group's Global 100 Index trust and Global Emerging Markets Index fund. The fund is set to be launched on 16 June with LGIM injecting £30m in seed capital. It will sit in the IMA Global sector and will look to profit from companies which are pumping capital into climate change sol...
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