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First State launches global emerging markets sustainability fund

First State Investments has launched a global emerging markets sustainability fund.

Managed by David Gait, the fund targets companies deemed to be the leaders in the six areas of renewable and cleaner energy, energy efficiency, waste and pollution management, water management, environmentally aware consumer products and services and broad sustainable development.

The fund is benchmarked against the MSCI Emerging Markets Free Index.

Gait says: “The aim of the fund is not to invest in every emerging markets solar energy company which is created. Instead, the fund has a much wider remit, focusing on broad-based sustainable development in emerging markets. As with all our Asia Pacific and Emerging Markets products, the team will follow a disciplined, consistent investment process, investing only in those companies with quality management teams, strong business franchises and healthy financials.”

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