Wellington Management Launches Climate Market Neutral UCITS Fund
6 oktober 2021
Wellington Management has announced the launch of the Wellington Climate Market Neutral Fund. This UCITS Fund will invest in a broad range of climate-oriented themes, such as clean technology and sustainable transport, seeking to identify a diversified set of climate-advantaged and climate-disadvantaged companies in which to take active equity positions.
The Fund seeks absolute returns, primarily investing via long and short positions in companies globally, based on the assessment of relative-value opportunities between climate-advantaged companies and climate-disadvantaged companies. We will generally establish long positions in climate-advantaged companies that we believe, on a relative basis, have a strong or improving position with respect to climate mitigation (addressing the causes and minimising the possible impacts of climate change) and/or climate adaptation (aiming to reduce the negative effects of climate change or helping communities adapt to the impact of climate change), and short positions in climate-disadvantaged companies with a relatively weak or weakening position with respect to climate mitigation and/or climate adaption.
The Fund aims to achieve market-neutrality with implementation flexibility (long and short positions) that may protect capital during periods when sectors such as traditional energy rally and sectors such as clean technology underperform.
Source: Wellington Management Europe GmbH
