Extract from article in the Institutional Asset Manager titled, “Fulcrum launches climate change fund to keep global temperature rise below two degrees” published on 3 August 2020.
Fulcrum Asset Management has launched a new global equity fund which aims to invest in companies that are on-track to meet the Paris Agreement’s target of keeping the global temperature rise below 2 degrees Celsius.
Fulcrum says it is the first active global equity fund to be climate-aligned based on the Paris Agreement’s targets, and is designed to provide investors with diversified exposure to the global equity market, whilst maintaining a weighted average portfolio temperature of below 2 degrees.
Fulcrum has worked with environmental transition experts, Iceberg Data Lab, to create a product that is designed to be in line with science-based international best practice. The fund is also a product of collaboration with Arvella Investments which, after an extensive yet fruitless search for an established diversified equity fund aligned with the Paris Agreement, turned to Fulcrum for a solution.
Benoit Mercereau, CIO at Arvella Investments, says: “With most major global benchmarks on a 3-degree trajectory, we are pleased to have been able to work with Fulcrum to design a fund that is not only providing us with access to the global equity market but doing so in a way that is in-line with a below 2°C trajectory.”