La Française Inflection Point (LFIP), has launched a climate-themed global equities fund, La Française Lux-Inflection Point Zero Carbon (ZC).
This long only Luxembourg Sicav sub-fund has been provided €25m in seed capital by La Française, aiming at outperforming the MSCI ACWI index.
Among its objectives, the fund seeks to :
– Provide a mainstream, institutional quality solution that allows asset owners exposure to a portfolio that, while holding best-in-class fossil fuel-based companies also includes so-called “transitioning companies”, low carbon solution providers and innovative, breakthrough carbon reduction technologies and solutions;
– Seek a carbon zero or neutral carbon emissions footprint for investors.
LFIP, which is a joint venture between La Française and Inflection Point Capital Management (IPCM), has almost €1bn in assets under management invested in its strategically aware investment (SAI) equity funds.
Those SAI equity funds are covering four geographic regions, namely : Euro, Europe, Emerging Markets, and Global, as well as the newly launched ZC.
Xavier Lépine, chairman of the board at La Française, commented: “The launch of the Zero Carbon fund caps a remarkably active period for LFIP and IPCM. We are starting to see real asset owner appetite for new thinking, notably in the investor response to climate change and opportunities presented by the shift to a low carbon economy.
“The Zero Carbon fund is a step forward to environmental democracy. It’s a unique opportunity for investors to actively participate in the development of a sustainable world. The forthcoming COP 21 in Paris has only strengthened and focused that interest, and the determination of leading institutional investors to make a positive contribution. “