Copia launches impact fund
Copia Investment Partners has agreed with global asset manager TT International to distribute its TT Global Environmental Impact fund in Australia.
The fund aimed to generate long-term returns by investing in the green transition and each company in the portfolio must produce products or services that tackled an environmental problem.
Copia was the exclusive distributor of the fund in Australia, while the portfolio was managed by TT’s Environmental Solutions team based in London and Hong Kong.
The fund aimed to have at least 80% of invested capital in companies where environmental solutions accounted for over 50% of revenues or profits.
The performance objective of the fund was to outperform the MSCI All Country World Index NTR AUD by at least 2% per annum after fees, over three-year periods.
The fund also sought to have a direct positive impact, with one-third of all TT International’s management fees to be donated to selected environmental charities in Australia. Current charities supported by the fund included a UK-based woodland conservation charity Heal Rewilding.
Copia would seek to have the fund rated by research houses and included on major platforms as part of its distribution strategy.
Sam Baillieu, Copia chief executive, said TT was committed to making an environmental impact, both through its investment choices and direct charitable allocations.
“We believe TT will appeal to Australian investors that want to make a difference to the global environment while still pursuing their own long-term performance objectives,” Baillieu said.
“We are impressed with Copia’s distribution strategy and strong networks in the financial advice channel that complements our investment capability and existing institutional relationships across Australia.”
AUTHOR
Chris Dastoor
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
