Firetrail launches global equity fund

5 January 2022
| By Laura Dew |
image
image
expand image

Firetrail Investments has launched a high conviction global equity fund investing in companies benefiting from positive sustainable change.

The fund aimed to uncover global companies going through positive change and those with earning upgrades or valuation re-rating potential. Over the medium to long-term, it aimed to outperform the MSCI Global index after fees.

Sectors the fund explored included carbon reduction, health and wellbeing and technology.

It was managed by Patrick Hodgens, James Miller and Justin Gray, who had worked together for 15 years, and had been seeded by the Firetrail business and staff.

Gray, co-portfolio manager, said: “We have identified a universe of stocks that are set to benefit from positive change across sectors including health and wellbeing, carbon reduction, innovation and technology. The fund targets investors wanting to invest sustainably while not sacrificing outperformance”.

Miller added: “The problem with traditional approaches to sustainable investing is they are backwards looking. Companies that have already been identified as high quality, sustainable leaders aren’t attractive investments as valuations can get too high. Overpaying for hyped-up business can lead to capital losses”.

Firetrail had $6.8 billion in funds under management.

 

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 2 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago