Credit crunch has not detracted from climate change

Climate change managers are still positive on outlook for their sector despite returns suffering somewhat in line with current conditions

The fundamental reasons to invest in climate change have not altered despite the impact of the credit crunch. Returns, which until the crunch had been outperforming the market, have fallen in line with other sectors but managers say the outlook in the medium term is broadly positive. The next six months are going to be tough as companies in the sector face the squeeze when it comes to borrowing and refinancing loans. However, the crunch has also corrected some of the overvaluations in this market. Mark Hoskin, partner at wealth manager Holden & Partners, says: "Before [the crunch] P...