United Kingdom retirement fund adopts equity transition strategy for investment
The Wiltshire Pension Fund has made a significant move towards its climate goals by investing in Lombard Odier's Planetary Transition strategy. This strategy, which represents 20% of the assets in the Clops portfolio, is a part of the fund's £75m Climate Opportunities (Clops) portfolio.
Lombard Odier's global equity strategy focuses on investing in companies delivering change as part of the global transition. Examples of investments made by the strategy include future electrification, new forms of food production, and the circular economy. The ongoing charges for the Lombard Odier SICAV fund are 1.91%, and the Article 8 compliant fund has returned 5.8% year to date.
The Wiltshire Pension Fund's investment in this strategy is a continuation of its commitment to climate solutions. The fund's goal for the Clops portfolio is to achieve both competitive financial returns and a positive environmental impact. The head of the Lombard Odier strategy managing the list of stocks in the Clops portfolio is not publicly specified.
The Wiltshire Pension Fund aims to have 30% of its assets invested in sustainable assets by 2025. This investment in Lombard Odier's Planetary Transition strategy is part of its strategy to invest directly in solutions to combat climate change.
The Wiltshire Pension Fund's climate scenario modeling indicates that unmanageable warming scenarios could be financially damaging for the fund. The fund states that investing in solutions like Lombard Odier's Planetary Transition strategy helps drive the transition and reduces the risk of an unmanageable warming scenario.
The Planetary Transition strategy will manage the listed equities allocation of the Clops portfolio. The Wiltshire Pension Fund's investment in Toucan Energy's UK solar energy portfolio is another step in its commitment to climate solutions. The management fee for the Lombard Odier SICAV fund is 0.75%.
The Wiltshire Pension Fund is also committing to other climate solutions, including Toucan Energy's UK solar energy portfolio through Schroders Greencoat. The fund targets achieving net zero across all investment portfolios by 2050. This strategic investment in Lombard Odier's Planetary Transition strategy is a significant step towards this ambitious goal.
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