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Climate fund starts at the tipping point

Schroders is to launch its climate change fund this week under the management of Simon Webber and Matthew Franklin.

The fund will hold between 50 and 80 stocks across five investment themes of energy efficiency, low carbon fossil fuels, clean energy, sustainable transport and environmental resources.

It will look to outperform the MSCI World index and comes at a time that the company describes as a “tipping point” in terms of public awareness of the effects of climate change and their willingness to do something about it.

Initially, the portfolio will invest more in the companies that are mitigating climate change and then, over time, more will be invested in companies adapting to change.

Webber and Franklin are both global sector specialists. Webber joined the firm in 1999 and ran the US dynamic growth fund between 2002 and 2003 while Franklin joined in 1996.

Webber says: “Climate change is set to drive an industrial transformation and is potentially the biggest investment theme of the next 20 years. For example, over $20trn needs to be spent on the world’s energy infrastructure by 2030, much of which can and will be redirected towards a low carbon power industry. We believe that, by following this theme, opportunities exist for investors to reap the rewards.”

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