Climate change funds boast differing shades of green

The industry debates whether recent launches are taking advantage of burgeoning climate change industry or simply paying premium for overvalued stocks

Following the spate of SRI funds that appeared last year, groups are now jumping on the climate change bandwagon, if the critics are to be believed. It looks as though climate change as an issue is here to stay, but are these funds truly taking advantage of a burgeoning industry or simply paying a premium for overvalued stocks? And is it better to have a truly ethical climate change offering or one with a wider remit? Schroders' Global Climate Change fund launched last month to much fanfare, but the group will not reveal whether inflows so far have met expectations. Co-manager Simon W...