Jupiter's £400m Ecology fund has added a second benchmark, the FTSE Environmental Technology 100 index, as manager Charlie Thomas proclaims environmental investing has "come of age".
The FTSE ET100 index, launched yesterday, tracks the 100 largest listed companies that derive at least 50% of their business from environmental markets. According to Thomas (pictured), the new benchmark provides a "more accurate and relevant index" alongside the Ecology fund's existing benchmark, the FTSE World. Thomas, whose fund celebrated its 25th anniversary last month, said the new index would provide a better comparison for Jupiter Ecology, which he said has a 0.75% crossover with the FTSE World. "Given the breadth of our holdings now, compared to 25 years ago when the fund o...
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