Some of Europe’s most popular climate funds have been found to do no better at avoiding carbon emitters than a benchmark index with no environmental focus, according to new research.
A report by analytics provider Investment Metrics found that four of the seven best-selling European climate funds were more exposed to carbon emissions than the MSCI World Index, which tracks over 1600 of the biggest companies across North America, Europe and Asia-Pacific.
Funds that failed to beat the MSCI index include climate strategies managed by DWS Group, Franklin Resources Inc. and Lombard Odier Investment Management, according to Investment Metrics, which ...
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