Friday Funds: Artemis poaches Kames experts for new sustainability strategy

The latest fund developments in ESG and sustainable finance

Artemis has poached four Kames Capital portfolio managers to run a new sustainability fund. Artemis announced this week that Craig Bonthron, Neil Goddin, Jonathan Parsons and Ryan Smith – all formerly at Kames – will be launch a new sustainable global equity fund later in the year. Bonthron and Goddin previously managed the Kames Global Sustainable Equity Fund, among other non-ESG offerings. Smith has been Kames’ Head of ESG Research for nearly two decades, according to LinkedIn. The new fund will invest in disruptive companies with a positive social or environmental impact. 

French sustainable investment house Mirova has invested $2m in Plastics For Change to support its expansion into Asia, where it will focus on plastic pollution in coastal areas of South Asia and India. The fundraising round was led by Althelia Sustainable Ocean Fund, which was recently taken on by Mirova through its acquisition of investment house Althelia.

Australian investment manager AMP has launched a multi-asset, actively-managed ESG option via its wrap platform MyNorth. It has worked with fund manager Pendal and ESG specialists Regnan on the product. 

Impact investor Triodos Investment Management has launched three new funds for investment by Swedish investors. Triodos Global Equities Impact Fund, Triodos Euro Bond Impact Fund, and Triodos Pioneer Impact Fund are now available for both Swedish retail and institutional investors. The funds were already available for distribution in Denmark and have had a Nordic Swan Ecolabel since 2018.

Investment manager Epworth has launched a Climate Stewardship Fund for Charities. Created in partnership with charities, the fund applies “Christian ethics”, aims to maintain a carbon footprint substantially below that of the FTSE All Share Index and will invest in firms that contribute to the low-carbon transition. It will exclude companies that extract or refine fossil fuels. 

The US Solar Fund has announced its fifth acquisition of four solar power projects in Oregon. The portfolio will be acquired from solar developer Southern Current for an undisclosed amount. The portfolio will sell 100% of its electricity to Portland General Electric under a Power Purchase Agreement. 

VTB has become the first bank in Russia to launch responsible investment funds, it claims. VTB, the second largest bank in the country, has created two ESG funds: one for equities and one for fixed income. Aimed at retail investors, the funds both have a minimum investment threshold of 1000 rubles (€12.7).