Alliance Trust's head of equities, Peter Michaelis, said an increased focus on sustainability has driven a number of significant changes to the group's £2.5bn flagship global trust over recent months.
Michaelis (pictured) took over the role of head of equities at Alliance Trust last autumn, after a reorganisation of the investment team. He had previously been running the group's sustainable funds and brought this expertise to the trust. Michaelis said: "An increased emphasis on sustainability and predictability has driven changes. We prefer to have fewer companies that we know really well." The fresh investment approach is focused on business fundamentals, sustainability, management and valuations, according to Michaelis. However, he said that while the team would now conside...
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