Laith Khalaf: Why did Liontrust's ESG IPO really fail?

Earlier this month, Liontrust's much anticipated ESG investment trust launched failed to get the £100m needed to get the IPO off the ground. This was an attractive proposition, run by an established and successful team, at a time when markets are buoyant, and in an area of investment where there's currently a lot of demand. The failure of this launch has naturally led some to conclude that the ESG market has now reached saturation point, and the boon in demand for ESG products is petering out. But so far, industry figures don't support that hypothesis. Latest figures from the Inves...