Carmignac converts Commodities fund to 'socially responsible thematic' offering

French asset manager Carmignac will convert its commodities fund into a "socially responsible thematic equity fund" that will invest in companies leading the charge against climate change, Investment Week has reported. The Paris-based firm has written to unitholders informing them it will rebrand its €227.4m Carmignac Portfolio Commodities to Carmignac Portfolio Green Gold on 15 May. The fund will continue to be managed by Michel Wiskirski and will see its fees remain at a 0.85% AMC and 1.17% OCF. Carmignac said the rebrand would help it to "challenge the traditional investment approa...