Liontrust launch failure dents optimism for ESG investment trust IPOs

Liontrust’s inability to raise sufficient capital to bring its hotly anticipated ESG trust (ESGT) to market has raised questions as to the viability of any asset managers bringing ESG equity investment companies to IPO.

ESGT's failure to launch was pinned by some market commentators on an overly optimistic minimum fund raise and insufficient differentiation, but others point to the growing list of existing equity trusts...