First State to launch Worldwide Sustainability fund for Gait

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First State is planning to launch a Worldwide Sustainability fund for David Gait later this year, Investment Week understands.

The launch will enable investors to once again access the group’s sustainable investment process. In January, First State soft-closed its £219m Asia Pacific Sustainability and £172m Global Emerging Markets Sustainability funds, both managed by Gait. The First State Worldwide Sustainability fund will hold high quality companies with shareholder friendly management. It will invest primarily in the US, Europe and Japan, although the manager will also be able to look for opportunities in emerging markets. No single country except the US will exceed 30% of the portfolio. Gait will employ a...

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