Taking advantage of the latest fashion to ‘go green’, Schroders are offering investors the chance to invest in green shares through their climate change fund. Named the ‘Schroders Global Climate Change Fund’, it offers investors the opportunity to invest in companies who are actively looking to reduce their carbon dependency.

The fund will be launched in September 2007 and will be co-managed by Simon Webber and Matthew Franklin. It is expected that there will be between 50 and 80 stocks.

Robin Stoakley, UK retail managing director for Schroders, said, “The rapidly chaning landscape will enable innovative, flexible and well-run companies to improve their prospects relative to competitors, leading to strong investment returns. We believe an unconstrained portfolio dedicated to investing in these well-positioned companies has the potential to generate very strong investment returns. This is not just about a few wind-farms.”

One of the attractive features of this particular fund is that it doesn’t have the strict parameters attached to it that normally accompany ethical funds. This means that industries that would normally be excluded from the fund such as tobacco companies can be included in the fund if they are making an attempt to reduce carbon emissions. With ethical fund sales up by more than 80% in April compared to the same time last year, this seems like a smart move by Schroders.

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