Man Group launches firm's first systematic Article 9 fund

Managed by Man AHL

Man AHL, the diversified quantitative investment arm of Man Group, has launched a climate-focused systematic Article 9 strategy, the Man AHL TargetClimate UCITS fund.

TargetClimate is Man AHL's first Article 9 fund under SFDR and Man Group's first systematic Article 9 strategy. The fund uses a Paris-aligned benchmark that targets 7% decarbonisation a year. The fund, which has a management fee of 0.75%, is a risk-managed multi-asset fund that aims to invest in best-in-class securities aligned with a transition to a low-carbon economy, namely across equities, credit, government bonds, commodities and green bonds. Man Group said that the fund does not rely on a ‘climate alpha premium', aiming to allocate to climate-focused securities in order to gener...