Fulcrum targets two-degree portfolio with climate fund launch

Aligned with Paris Agreement temperature target

Fulcrum Asset Management has targeted a sub-2 degrees portfolio, as it launches a new climate change fund, which will be aligned with the Paris Agreement global temperature target.

Fulcrum said the Fulcrum Climate Change fund, which would have assets of £70m at launch, would be the first global equity strategy to be climate aligned. The fund, a Luxembourg-domiciled SICAV, will be expected to hold between 150 and 200 stocks, invested across 25 themes, with no investee company exhibiting a temperature higher than 2.5 degrees. The weighted average portfolio temperature would be below 2 degrees, the firm said. Franklin Templeton launches smart beta Climate ETFs Fulcrum said it had worked with Iceberg Data Lab, an environmental transition expert, and in collaborat...