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Article: Environmental funds set to alter investment climate.
- Article from:
- Fund Strategy
- Article date:
- October 1, 2007
CopyrightCOPYRIGHT 2007 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After the summer lull in product launches, climate change funds are taking centre stage. As reported in last week's Fund Strategy, F&C is set to unveil an offshore Global Climate Opportunities portfolio, with a sterling share class for British investors. The announcement coincided with the launch of Schroder's Global Climate Change fund, an onshore unit trust based on the firm's $180m (#90m) Sicav.
Allianz Global Investors (AGI) has also revealed that it is test- marketing an onshore version of its Global EcoTrends fund. The Sicav, run by Bozena Jankowska, is a hit in continental Europe. AGI revealed that it hit $1 billion in assets under management in ...