Legal & General Investments has partnered with Osmosis Investment Management on this fund.
Osmosis is an independent specialist investment firm with a deep understanding of environmental factors and how they impact investment portfolios. The Global Environmental Enterprises Fund uses the Osmosis Climate Solutions (OCS) Index as the basis of its portfolio.
The fund aims to provide capital growth primarily through investment in companies that are profiting from the global response to energy scarcity, pressures on natural resources and the shift to a lower carbon world economy.
Legal & General Investments managing director Simon Ellis said they are launching the Global Environmental Enterprises Fund to allow investors to invest at the right price in one of the major investment themes of this decade. Across the world, companies are delivering growth and value in sectors such as low carbon energy production, energy efficiency, waste management and water use.
"These dynamic and rapidly growing markets create current annual revenues estimated at over $700 billion, forecast to grow to $2.2 trillion by 2020. We term the companies in this universe as ‘global environmental enterprises’." Ellis added.
