Kames Capital is to launch a global sustainable equity strategy.
The launch of the fund is planned later in April and will be domiciled in Ireland.
The fund will then be passported into Kames’ key European markets including Austria, Germany, Italy, Spain, Sweden, Switzerland and the UK, subject to regulatory approval.
The Kames Global Sustainable Equity Fund will be managed by Craig Bonthron and Neil Goddin, supported by Ryan Smith, head of Governance and Ethical Research at Kames.
Kames currently manages £2.3bn (€2.8bn) in ethical funds.
The new fund will apply Kames’ proprietary sustainability screen; a blend of analysis specifically focusing on Environmental, Social and Governance (ESG) considerations, together with a limited number of sector or issue exclusions (negative screens) which are considered contrary to the principles of sustainable investing such as tobacco.
The fund will consist of a portfolio of 35-45 stocks meeting the standards of both Kames’ in-depth sustainability research process and successful fundamental investment process.
Both quantitative and qualitative research will be used to capture not just the sustainability ‘leaders’, those companies with exemplary sustainability credentials, but also the ‘improvers’.