Truestone aims to make an impact with green multi fund
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Truestone Asset Management is planning to offer a new green multi-manager fund to capitalise on opportunities in impact investments.
The company says it has seen increased client demand for impact investments, which it says aim to deliver good potential return while making a positive impact on the environment.
The fund is expected to launch at the end of the third quarter and will invest in a number of sectors, including sustainable forestry, microfinance, agriculture, social housing and renewable energy.
Truestone has created a sister company, Truestone Impact Investment Management to run the fund, which it expects to appeal to the retail and institutional market.
Marketing director Ritchie Macdonald says: “We have been piloting this in one way or another over the last three years and have found demand appears to be strong enough to support a move like this.”
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