Franklin Templeton Investments has repositioned its euro-denominated Global fund with a sustainability focus, renaming it the Templeton Global Climate Change fund.
The €702m fund will now invest in a globally-diversified value portfolio of stocks representing three global climate change-related business models: • Companies that are trying to remediate the impacts of climate change through lower carbon solutions, such as renewable energy • "Transition-resilient" companies, with business models well prepared for a transition to a lower carbon future • "Transitional" companies, which operate in high-carbon industries but are actively moving their businesses into lower carbon intensity areas. The fund will leverage in-house climate change rese...
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