Wellington Management has launched a climate strategy, investing in companies tackling environmental sustainability or climate risks.
Wellington Climate Strategy is Ucits compliant and will invest globally in companies that have directly addressed environmental sustainability or climate risks through their products, services or capital. It aims to deliver long-term total returns.
The fund will be managed by Alan Hsu, global industry analyst at Wellington Management, along with the firm’s global industry analysts.
It will incorporate a number of themes including low-carbon electricity, energy efficiency, water and resource management and low-carbon transport.
Hsu will work closely with other Wellington global industry analysts on the fund and use insights from the firm’s ESG research team.
“We believe climate science, public policy and technology improvements will move us to a low-carbon future, with clear winners and losers along the way,” said Hsu. “Efforts to mitigate carbon or adapt to its impact across all sectors and regions create both risks that should be hedged and opportunities for potential long-term capital investment.”