UK asset manager Liontrust has announced plans to expand into closed-end investments with the launch of an ESG-focused investment trust.
The Liontrust ESG Trust will be managed by Peter Michaelis, Simon Clements and Chris Foster – all members of the 13-strong Liontrust Sustainable Investment team.
The fund management company said that the launch coincides with a time of rising interest in sustainability and demand for sustainable investment.
Research conducted for Liontrust in December 2020 showed that 78% of wealth managers and 71% of financial advisers have seen an increasing proportion of their clients investing sustainably over the previous year.
The trust will invest in 25 to 35 companies around the world, mainly in developed markets.
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