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What's New In Investments, Funds? - Liontrust
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Liontrust
Liontrust, the
UK-based asset manager, said that it intends to launch an
investment trust which follows environmental, social and
governance approaches – part of a relentless trend in the funds
sector.
The entity, which will be called Liontrust ESG Trust PLC, will be
managed by Peter Michaelis, Simon Clements and Chris Foster.
Michaelis and Clements have managed sustainable global growth
strategies since 2001 and 2010 respectively with Foster becoming
a co-manager in 2020 (having joined the team in 2015).
Assets under management and advice in the range of open-ended
funds and institutional mandates managed by Liontrust’s
sustainable investment team have grown rapidly from £2.5 billion
($3.5 billion) in 1 April 2017, when the team joined from
Alliance Trust Investments, to £10.2 billion by 31 March
2021.
The trust will invest in 25 to 35 sustainable companies around
the world, predominantly in developed markets.