Ninety One merges energy vehicles and plans raft of sustainability launches

Two OEICs merged into £932m Global Environment fund

Mike Sheen
clock • 3 min read
Nigel Smith of Ninety One
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Nigel Smith of Ninety One

Ninety One Asset Management has merged the £53.3m Global Energy and £44.8m Enhanced Natural Resources funds into the Ninety One Global Environment fund in response to “a shift in investor appetite” resulting in the shrinking size of the two OEICs.

Following shareholder approval this month the portfolios were merged into a single £932m AUM Global Environment vehicle, Investment Week can reveal, with Ninety One planning a flourish of new sustainability-led launches across key asset classes. Ninety One's Evans: Covid has accelerated UK companies' sustainability outcomes Managed by Deirdre Cooper and Graeme Baker, the Global Environment fund invests in a high conviction portfolio of companies with quantifiable carbon avoided that contribute to sustainable decarbonisation. Launched in 2019, the fund has returned 51.7% over one ye...

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