Vanguard, one of the largest investment managers in the world, announced that its new Global Environmental criteria consider how a company performs as a steward of nature. Opportunities Stock Fund, investing in companies looking to accelerate the transition to a low-carbon world, is now available for investment, with the opening of a two-week subscription period for investors, which will be followed by the fund beginning its investment objective.
Initially unveiled earlier this year, the fund aims to invest in companies expected to benefit from long-term structural tailwinds driven by the global transition to a lower-carbon economy. The fund will hold a concentrated portfolio of approximately 25 companies involved in activities including renewable energy, resource efficiency, and electrification.
The new fund will be Vanguard’s first to be managed by active asset manager Ninety One. According to Vanguard , the fund is targeted at “environmentally conscious investors who have a higher risk tolerance and want to augment a broadly diversified portfolio.”
Dan Reyes, head of Vanguard Portfolio Review Department, said:
“Creating funds with enduring investment merit is the cornerstone of Vanguard’s disciplined product development efforts. Vanguard Global Environmental criteria consider how a company performs as a steward of nature. Opportunities Stock Fund is designed to meet the long-term investment needs and preferences of clients who want a concentrated, actively managed fund focused on decarbonization.”
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