Schroders value fund sticks to oil and gas assets -- for now

Oil and gas will not be mothballed in the immediate future, which is why British asset manager plans to hold on to those assets.

Photo: /Ritzau Finans/AP/Jacob Ford

Schroders European value fund states that it plans to keep its assets in oil and gas, and therefore investing in Russian oil company Lukoil or Romanian gas company Romgaz is not a problem, says portfolio manager Andrew Lyddon to Danish financial news service, Borsen.

"We don't see it as a risk that the world stops using oil and gas in near future. Our key mandate in the fund is to yield a return to our customers based on valuation – we don't have the mandate to consider ESG," says Lyddon.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Evli's new fund aims for EUR 300m portfolio

Finland's net rental yield is at an attractive level even by international standards, and international investors have noticed this over the past five years, says Tero Tuominen, who heads the Evli Residential II fund.

Further reading

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch