Davy Asset Management is to launch the Global ESG ex Fossil Fuels fund next month.
The equity fund will be managed by Brian Kennedy and Des Flood who both sit in the global equities investment team. The latest launch is an expansion of the firm's ESG range, which currently includes the Ethical Equity and Ethical Multi-Asset funds. Davy AM plans second Ethical fund for UK investors It aims to achieve long-term capital growth by investing globally in companies that make a positive contribution to society and/or act to safeguard the environment. The new mandate will avoid companies that profit from the extraction and burning of fossil fuels such as energy, mate...
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