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Schroders plans second climate fund

Schroders is looking at launching a second climate change fund in early 2008.

The fund will be run using a quantitative-based model, giving access to a more diversified range of stocks than qualify for a place in the existing portfolio.

Schroders chief investment officer Alan Brown says the fund is still in the planning stage but will be based on work conducted by Professor Rob Bauer at Maastricht University.

Brown says his work fits in well with what Schroders is trying to do in finding investable opportunities from climate change.

He says: “Bauer’s work is unique in that it looks at the entire investment universe without stripping out certain factors like size and geographies of companies while it will also look at bad firms that are cheap to access.

“One area we have to look at is whether Bauer’s research on US companies can be taken globally but if this does go ahead it would sit well alongside the global climate change fund we launched last month.”

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