View more on these topics

L&G to launch environmental index fund

Legal & General Investments is to launch a fund on June 16 investing in a global environmental stockmarket index.

The Global Environmental Enterprise fund will be managed by Robert Dowling and will invest in 100 stocks relating to what Simon Ellis, the managing director at Legal & General Investments, describes as the “next mega-trend.”

The fund will focus on three environmental sectors, namely energy efficiency, low carbon energy and water, waste and pollution control. The index will be reviewed every six months but it is expected to retain a relatively even spread across all three areas.

Companies selected for inclusion must derive a majority of their earnings from at least one of these three sectors. The fund will not include large cap firms such as General Electric and Siemens.

L&G cites a survey conducted by HSBC, which estimates the value of the low carbon energy market will grow from $740 billion (£452 billion) today to $2.2 trillion by 2020.

Ellis describes the environmental sectors as “the least invested in and possibly the least understood. It is the next ’mega-trend’ for investment.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com