Liontrust takes first steps into closed-ended territory with sustainable trust launch
‘The investment trust sector has been relatively behind the curve in servicing the growing demand for ESG strategies’
Fund buyers have welcomed Liontrust’s first steps into the closed-ended space with the launch of a sustainable investment trust, but think the sector needs to catch up with servicing the growing demand for ESG strategies.
It comes after a bumper year in which Liontrust’s assets increased by 92% to hit £30.9bn at the end of March.
Sustainable investments account for more than £10bn of Liontrust’s assets under management and “continues to generate strong sales”, according to chief executive John Ions (pictured).
How to navigate the maze of ESG, green and ethical investing
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How to navigate the maze of ESG, green and ethical investing
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Twenty-one years ago, it was the bursting of the technology bubble that sent share prices plunging – at a stroke depleting the wealth of hundreds of thousands who had enthusiastically invested their Isas in the dotcom story.
Today, there is a fear among some financial experts that another stock market bubble has formed that could result in sharp losses for many.
This time around, the bubble is green rather than technology based and has been fuelled by the huge appetite for investments in firms that have environmentally friendly credentials.
Ready to burst?: The bubble is green and has been fuelled by the huge appetite for investments in firms that have environmentally friendly credentials