Momentum Global Investment Management (MGIM) has launched a new global sustainable equity fund, making it the firm’s first single strategy equity fund for UK investors.
The Momentum GF Global Sustainable Equity fund is designed to meet demand for long-term sustainable capital growth and is particularly focused on a reduction in greenhouse gas emissions, waste generation, and water consumption. The fund has an American equivalent that was launched in May 2020 by MGIM and has slightly outperformed the MSCI World index since inception, with 25.5% growth versus 25.2% at the end of March. The fund also uses a systematic, multi-factor approach to select stocks, which is managed in partnership with Robeco. The firm argued that the systematic approach "combi...
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