WHEB Asset Management has launched a sustainable investment fund focusing on worldwide megatrends.
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The IM WHEB Sustainability fund will invest globally and offer investors exposure to three main megatrends - water, climate change and demographics.
It will invest predominantly in international and UK companies that provide solutions to major global issues, such as water resource shortages, climate change and ageing populations.
The company said the fund would aim to take advantage of a variety of market conditions and position its portfolio defensively or towards growth stocks.
Under normal circumstances, the fund will hold cash on deposit up to 10 per cent of the value of the fund.
But WHEB said the managers may increase cash holdings to more than 10 per cent, which, in the first six months following launch, may be the case. The fund may also invest in derivatives to reduce risk.
The fund will be managed by Clare Brook and Nicola Donnelly, who will be supported by the WHEB research and advisory teams, which include leading figures in the environmental and financial industries.
According to WHEB, although many of the companies operating in the areas of focus for the fund have fallen sharply over the last year, they are now benefiting greatly from global stimulus packages.
With this in mind, the managers said now was a good time to invest in quality, established businesses at the heart of the "third industrial revolution" - or those companies that address clean energy, water infrastructure, efficient resource use and shifting demographics.
Brook said: "I have been investing in environmental companies since 1990, but I have never seen such an exciting combination of compelling valuations and actual change in legislation that is driving profitability."
Donnelly said she was "extremely confident" in the launch due to timing factors, market conditions and the underlying support they had at WHEB.
Fund Facts:
Minimum investment: £3,000
Initial charge: 5 per cent
AMC: 1.5 per cent
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