Man GLG has launched a global sustainable growth fund targeting companies that build a competitive advantage and "increase shareholder value" as a result of embracing sustainability.
Managed by Virginia Nordbäck and Rory Powe, Man GLG RI Global Sustainable Growth will invest in a portfolio of 25 to 35 stocks across the market-cap spectrum with the aim of outperforming the MSCI World index. Man GLG's Powe cuts 100 stocks from investment universe in hunt for European quality Powe and Nordbäck will focus on the competitive advantages of the fund's holdings, including barriers to entry, as well as their revenue traction potential, robustness of profitability, strength of their balance sheets and valuation. The team will consider how ESG risks can impede future grow...
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