Global investment manager Grantham, Mayo, Van Otterloo & Co. LLC (GMO) has launched the GMO Climate Change Trust, enabling Australian investors access to GMO's Climate Change Strategy which invests in companies positioned to benefit from efforts to mitigate or adapt to the long-term effects of climate change.
“Climate change awareness, attitudes and opportunities have come a long way since GMO began writing on the subject in 2010,” said the trust lead and investment veteran Lucas White.
“Improving economics for clean energy, combined with a growing global awareness of the magnitude of the problem we’re up against, will support secular growth in the climate change sector for decades to come,” Mr White noted.
Since its inception in April 2017, the GMO Climate Change Strategy has consistently outperformed its benchmark and currently has US$917 million in assets under management.
“We don’t believe that you have to sacrifice returns in order to invest in companies helping the world address climate change; on the contrary, we believe there will be tremendous opportunities to generate strong returns,” Mr White said.
The GMO Climate Change Trust joins GMO Australia’s existing suite of funds including the GMO Quality Trust, two Systematic Global Macro strategies and an Emerging Market equities trust.
Maja Garaca Djurdjevic
Maja's career in journalism spans well over a decade across finance, business and politics. Now an experienced editor and reporter across all elements of the financial services sector, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies.
