Russell Investments has introduced a global equities fund aiming to profit from the impacts of climate change to its single manager platform, OpenWorld.
Russell appointed London-based Climate Change Capital as the underlying manager of the Global Climate Change fund, which was seeded with $35 million by an external investor.
Keith Knapman, director – institutions and government with Russell, said that climate change impacted stock prices, providing opportunities for managers who included environmental analysis into their investment decisions.
“It is a worldwide, global trend, changing the way people think and operate, which gives rise to opportunities,” Knapman said.
In a statement, Ian Barnes, global head of OpenWorld, said Russell approached climate change from a “value perspective, versus a values perspective”.
The fund sits alongside global listed infrastructure and listed property funds, which were placed on OpenWorld in August.
