Comgest has launched an emerging markets fund aimed at UK investors with a “zero tolerance approach to fossil fuel extraction, reserves and power generation”.
The Comgest Growth Emerging Markets Plus fund was seeded with $250m (£195m) by the National Trust, the Joseph Rowntree Foundation, Guardian Media Group and the NESTA Trust in January. The fund is now open to external investors. Jupiter AM adds to fossil fuel transition pressure on Barclays The Paris-based asset manager said the fund would have "a very similar portfolio composition" to its flagship Comgest Growth Emerging Markets fund, which currently has "no or low direct fossil fuel exposure, as a natural result of the team's quality-growth focused style". However, the new Plus fu...
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