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Nature and biodiversity reporter

EXCLUSIVE: M&G Investments is to rebrand its climate solutions fund as a nature and biodiversity fund at the end of October, in order to capitalise on growing interest in the theme and deliver a wider impact. Michael Rae and Ben Constable Maxwell told me that it will add three new verticals: sustainable food, agriculture and forestry as well as clean and accessible water. They join the existing clean energy, green tech and circular economy themes. This will require a realignment of around 48% of its portfolio. While there are "amazing businesses" in its existing fund, Rae said that "if you narrow your focus to [emissions], you're doing a bit of an injustice to the mechanism of impact investing". They also hope it will help the fund perform better, with greater diversification allowing it to weather the storm of more difficult economic conditions. Challenging times in the green technology space over the past few years - which have been well reported - mean the fund has previously underperformed its benchmark. Modelling of the new portfolio however, signal it could deliver a better performance than its previous iteration. Read more here on how its framework is based around the planetary boundaries guidance and the challenges of investing in certain themes:

EXCLUSIVE: M&G to rebrand climate solutions fund as biodiversity

EXCLUSIVE: M&G to rebrand climate solutions fund as biodiversity

environmental-finance.com

Ben Constable Maxwell

Sustainable and Impact Investing at M&G Investments

2mo

Thanks Genevieve Redgrave and Environmental Finance for covering this. We're super motivated by the prospect of applying a tried n tested impact framework to investing in high quality solutions to the planet's biggest challenges. Happy to discuss with anyone interested #planetaryboundaries

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