What’s New In Investments, Funds? – Downing, Lombard Odier, Others

Editorial Staff

2 May 2023

Downing Fund Managers
Boutique investment house , as sub-advisor for its newly-launched Climate Transition ETF (HEAT), following a tender process. Touchstone is based in the US.

HEAT is an actively managed ETF that aims to invest in companies that are leading the development of solutions for, or that will benefit from, the accelerating transition away from a climate-damaged, carbon-constrained economy, the firm said in a statement. (An actively managed ETF is a form of exchange-traded fund that has a manager or team making decisions on the underlying portfolio allocation.)

HEAT will use LOIM’s expertise in sustainable investing, the firm continued.

Paul Udall, portfolio manager for HEAT at LOIM, said: “The transition to a net-zero and climate-resilient world is one of the greatest challenges – and investment opportunities – of our time. We are thrilled to have been selected by Touchstone as the sub-advisory partner of choice to expand their capability in this space.”

Matthew Barry, vice president of product management and head of capital markets for Touchstone, continued: “With interest in sustainable investment remaining high, the Climate Transition ETF provides advisors and the investors they serve with an opportunity to better position investment portfolios and meet long-term goals, while driving the climate transition forward.”

Touchstone said HEAT is its fifth active ETF and first thematic ETF offering. It will complement Touchstone’s broader suite of institutional asset management strategies – including mutual funds and ETFs – available as part its Distinctively Active™ range.