Munro Partners and GSFM have announced the launch of the Munro Climate Change Leaders Fund (MCCL) on the ASX.
The fund is actively managed and seeks to maximise long-term capital appreciation by primarily investing in a concentrated long-only portfolio of companies focused on decarbonisation and climate change solutions across a range of industries and countries.
“The investment strategy is designed to identify sustainable growth trends that are under-appreciated and mispriced by the market, and invest in the resulting winning stocks,” said Munro Partners founding partner and CIO Nick Griffin.
“Globally, the move to a green economy and decarbonisation will shape markets and lives. We are only at the early stage of a growth trend in decarbonised investing and the race to net zero, and the fund will help investors to gain access to these early opportunities.”
Between 15 and 25 stocks will be held by the fund, which has a minimum suggested time frame for investment of at least five years and a flat management fee of 0.90 per cent per annum of the net asset value of the fund.
Mr Griffin said that the fund will invest in the sub-trends of clean energy, clean transport, the circular economy and energy efficiency.
“All of these areas cover large swathes of the global economy, and the opportunities are significant,” he said.
GSFM is the responsible entity and distributor of the fund, which will be co-led by Mr Griffin and Munro partner and portfolio manager James Tsinidis.
“The Munro team has an enviable track record of identifying s-curves in its focused areas of interest, and investing in early stage-opportunities, to the benefit of investors,” said GSFM CEO Damien McIntyre.
“This latest fund is designed for investors seeking a long-term exposure to a portfolio of high-quality global growth and climate change focused equities with the potential for capital gains.”
The unlisted units of the Munro Climate Change Leaders Fund originally launched in October last year, and the decision to provide ASX quoted units was driven by a desire to make the fund simpler to access for investors, according to Mr McIntyre.
