Aberdeen Standard Investments (ASI) has been hired as manager of the new Global Sustainability Trust, which will invest primarily in private market investments that are expected to have a positive environmental and social impact.
The appointment was made by the Global Sustainability Trust community interest company (GSTCIC), which was established in 2017, after an independent tender and selection process. GSTCIC reviewed detailed proposals from a number of investment managers and underwent a rigorous panel review process before deciding to choose Aberdeen Standard Investments as the trust's manager. Hoping to raise approximately £200m, the new trust intends to IPO in the coming weeks and start trading on the London Stock Exchange around the end of November. Majority of retail investors rate sustainable inv...
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