| GLG Partners have launched a long-only fund filtering the greenest companies from its $1.5bn European Equity Strategy. The fund uses Trucost data to find the companies in each sector with lighter environmental footprints.
Using Trucost’s data, the fund aims to invest in those companies that have an environmental impact which is 31% lower than the sector average.
In a comprehensive back test, GLG found that incorporating the environment into investment decision-making added 1.19% to the annualised returns of the existing European Equity Strategy.
For the full story in today’s FT, please click below:
http://www.ft.com/cms/s/789226a4-bfbf-11db-9ac2-000b5df10621.html
Trucost is an environmental research company which helps companies and investors understand the environmental impacts of business in financial terms.
For further information on Trucost investor services please contact Anna Frazer (+44 20 7321 3837 / anna.frazer@trucost.com), Lauren Smart (+44 20 7321 3775 / lauren.smart@trucost.com) or Neil McIndoe (+44 20 7321 3776) / neil.mcindoe@trucost.com)
For information related to Trucost Corporate Services please contact Richard Mattison (+44 20 7321 3774 / richard.mattison@trucost.com)
About Trucost (www.trucost.com)
Trucost Plc is an environmental research business which helps companies and investors understand the environmental impacts of business activities in financial terms. Trucost offers expert advice and research to major corporations, both public and private, institutional investors and to Government departments and associated agencies. Trucost wrote the environmental reporting guidelines for UK business with the UK government, released in January 2006 and provided research and analysis.
Over the past six years Trucost has built up a database of the environmental impacts and disclosures of over 3000 major companies worldwide. Trucost’s database of climate change disclosures is the world’s largest. Trucost has developed unparalleled experience and expertise in the area of environmental performance, analysis and reporting, working with leading multinational companies in a range of business sectors including Avis, Bloomsbury, Christian Salvesen, Prudential, LogicaCMG, Legal & General and Land Securities Plc. Institutional investors use Trucost’s research to support due diligence and active engagement, incorporating environmental performance measurement into their investment decisions. Clients include Hermes, Henderson Global Investors, Fortis Investments and BlackRock Investment Managers. Institutional investors also use the information to assess the environmental footprint of their portfolios, and therefore better understanding their environmental risk. |