Redwheel launches sustainable fund range
The range comprises the Redwheel Biodiversity fund, the Redwheel Life Changing Treatments fund and the Redwheel Clean Economy fund
The first two funds in the range are the Redwheel Biodiversity fund and the Redwheel Life Changing Treatments fund, both of which launch today (31 October). These will be joined by the Redwheel Clean Economy fund, which is set to launch in November.
Amanda O'Toole, who joined Redwheel in April 2023 from AXA IM Equity, will be lead manager on both the Redwheel Biodiversity fund and the Redwheel Clean Economy fund and supported by co-portfolio manager Sebastien Bidault.
Deep Dive: 'Dark green' Article 9 funds set to blossom as climate threat grows
The Redwheel Biodiversity fund is focused on solutions that protect the planet's unique ecosystems and limited resources. It will invest in companies creating green materials, protecting water ecosystems, preserving land and animal habitat, as well as facilitating recycling and recirculation on the path to a circular economy.
The Redwheel Clean Economy fund will invest in technologies leading and enabling the climate transition, including investments in the energy transition, natural resource preservation and climate adaptation, taking on between 40 and 60 positions.
O'Toole said: «Climate change demands urgent, collective action across the public and private sectors.
»Innovation to address biodiversity loss and to support the energy transition create significant opportunity for investors and these funds mobilise capital towards the companies driving measurable emissions reductions and protection to our ecosystems."
ESG still a 'minefield' for wary wealth managers
Peter Hughes, who joined Redwheel in July 2023, heads up the Redwheel Life Changing
Read more on investmentweek.co.uk
