Specialist responsible and sustainable asset manager EdenTree Investment Management has launched a green infrastructure fund to invest in listed infrastructure-related companies.
The London-based manager said holdings in the EdenTree Green Infrastructure Fund (GIF) will include 鈥渃ompanies responding to environmental challenges such as climate change鈥�, through investment in areas such as alternative energy, energy storage and the circular economy.
The fund will also hold companies aimed at providing solutions to wider societal challenges.
GIF expects to provide investors with an 鈥渁ttractive yield and capitalise on the increasing financial commitment to a low-carbon and more sustainable economy鈥�, the manager said, without providing fundraising details.
Tommy Kristoffersen, fund manager, EdenTree, said: 鈥淲e believe this fund will be the first of its kind in the market and is the result of decades of responsible and sustainable expertise at EdenTree combined with a unique market opportunity.
鈥淭here is a gap in the market for investments with this level of ESG integration and focus, and the appetite for this type of product has grown immensely in recent years.鈥�
Charlie Thomas, chief investment officer, EdenTree, said: 鈥淭his is a highly innovative investment vehicle that meets increasing demand for access to real assets that contribute to a greener, more sustainable economy delivered by companies with a track record of responsible and ethical excellence.鈥�
鈥淲e believe that our experience as pioneers in sustainable investing, having launched one of the first ethical equity funds in the UK in 1988, combined with our experience of already managing well over 拢100m in green infrastructure assets, puts EdenTree in a unique position to select the best investments to allow our investors to capitalise on the growth of this exciting area.鈥�
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