Redwheel has launched a new Article 8-classified strategy, the UK Climate Engagement fund, managed by its UK Income and Value team, Investment Week can reveal.
The fund's objective will be to provide an income and capital return consistent with the team's historic approach, but with the incorporation of an explicit climate aim, which will be to align companies with the Paris Agreement. Through a concentrated, high conviction portfolio of UK stocks, the fund will aim to urge carbon intensive companies to progress transition plans through the combination of an in-depth climate assessment framework and active management. John Teahan, value-oriented portfolio manager at Redwheel, will lead the strategy, with support from veteran managers Nick P...
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