Axa Investment Managers (Axa IM) has launched an equities fund that will invest in companies supporting the so-called ‘clean economy’.
Mirroring the existing offshore Axa WF Framlington Clean Economy fund, the ESG-integrated strategy will target businesses involved in the energy transition, resource optimisation, and waste and pollution reduction.
This could include areas such as low carbon transport and natural resource preservation, as well as sustainable food.
Amanda O’Toole, who manages the strategy, said: “2020 was a pivotal year for many businesses within the clean tech universe.
“Global sales of electric vehicles accelerated and the cost of renewable energy continued to fall significantly, alongside the consumer shift towards more sustainable diets.”
The AXA WF Framlington Clean Economy’s portfolio will consist of 40-60 companies, using a combination of quantitative and qualitative filters to build the ‘CleanTech’ thematic filter. It is available to UK-based investors.
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