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The UK’s first asset management company exclusively focused on the carbon market plans to launch two funds.
The firm, Carbon Footprint Fund plc (CFF), is designed to give investors the opportunity to benefit from tightening global restrictions on carbon polluters.
CFF underlined the investment opportunity, pointing out that world leaders are working on Global Cap and Trade legislation with the aim of a creating an international carbon reduction agreement.
It also highlighted UK legislation, such as the Climate Change Act 2008 and the Carbon Reduction Commitment Energy Efficiency Scheme which went live in April, as evidence of increased regulatory pressure which will ultimately levy financial penalties on organisation failing to comply.
To tap into this theme, the firm is launching two funds, which have been developed in conjunction with BNP Paribas and environmental data provider Trucost.
The IFSL Carbon Footprint UK 350 Equity Index Tracker Fund and the IFSL Carbon Footprint Global Equity Index Tracker will track two equity market indices calculated by FTSE International -
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