Fundsmith has launched the Sustainable Equity fund, an ESG fund based on a similar mandate run for Comic Relief, for institutional investors.
The global equities fund, which has a £5m minimum investment, will follow the same strategy as the £12bn Fundsmith Equity fund but with several sector exclusions. These include no aerospace or defence, no casinos, no metals and mining, no oil and gas, and no tobacco. This will result in a highly-concentrated portfolio of just 20 to 30 stocks, chosen based on the six UN Principles for Responsible Investment. Fundsmith hires former Goldman Sachs MD as analyst Fundsmith has been running a similar mandate for charity Comic Relief for the past three years and said this has achieved...
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