ClearBridge Investments has launched a sustainable global value equity fund aiming to invest in “undervalued companies with improving ESG profiles”.
The FTGF ClearBridge Global Sustainability Improvers Fund is a sub-fund of the Franklin Templeton Global Funds plc range domiciled in Ireland and categorised as Article 8 under the EU’s Sustainable Finance Disclosure Regulation.
The asset manager – a subsidiary of Franklin Templeton – shared that the fund aims to provide “long-term capital appreciation and invests in a concentrated portfolio of approximately 30-40 equity securities”.
Grace Su, portfolio manager, ClearBridge Global Sustainability Improvers Fund, commented: “Companies that address material ESG weaknesses reduce their operating risk, which can be a catalyst for unlocking shareholder value.
According to the firm, the fund utilisess its ESG research and rating system. It selects investments based on their potential for ESG improvement, tracks and evaluates sustainability goals, and removes companies that don’t meet the criteria from the portfolio.
Jaspal Sagger, global head of product, Franklin Templeton, added: “Options for those wanting to participate in the journey towards a more sustainable world by supporting companies earlier in their sustainable journey are limited.
Our goal is to provide clients with investment solutions across a range of sustainability preferences. Our expanding sustainability improvers offering complements our best-in-class and impact funds in providing that breadth of choice.”
The fund is registered for distribution initially in the UK, Ireland, Italy and Spain.
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