Liontrust Asset Management is set to expand its offering into investment trusts for the first time with the IPO of an ESG trust, targeting a £150m fundraise.
The Liontrust ESG trust (ESGT) will list ordinary shares on the premium segment of the main market of the London Stock Exchange with the intention of raising £150m via its initial issue. Managed by the Liontrust sustainable investment team's Peter Michaelis, Simon Clements and Chris Foster, ESGT will invest in a diversified portfolio of 25 to 35 sustainable companies, which the management team believe will capitalise on and help drive the key structural growth trends shaping the sustainable global economy of the future. Investee companies will provide or produce sustainable products a...
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