First State Investments has launched a Global Emerging Markets Sustainability Fund to UK and European retail and institutional investors.
The company said that the fund aims to capitalize on the growth in sustainable business practices in emerging market nations and is measured against the MSCI Emerging Markets Free Index.
The First State Global Emerging Markets Sustainability Fund is managed by David Gait, in conjunction with First State’s Asia-Pacific and emerging markets equities team.
The fund offers a disciplined approach to sustainable investing in emerging markets by targeting companies which are sustainability leaders and whose business models are well-positioned to benefit directly from new opportunities in six areas, including: renewable and cleaner energy, energy efficiency, waste and pollution management, water management, environmentally aware consumer products and services, and broad sustainable development, said First State Investments.
Mr. Gait said: The aim of the fund is not to invest in every emerging markets solar energy company which is created. Instead, the fund has a much wider remit, focusing on broad-based sustainable development in emerging markets. As with all our Asia-Pacific and emerging markets products, the team will follow a disciplined, consistent investment process, investing only in those companies with quality management teams, strong business franchises and healthy financials.
