Green-themed equity funds soar as fossil volatility wrenches investors' guts
Investor demand for low-carbon portfolios is not the only driver behind a massive growth in energy transition fund launches across both the Nordics and the wider world, long-term thematic investor Ulrik Fugmann explains. In the Nordics, fund managers Robert Slorach and Philip Ripman are the latest to oversee portfolios within the theme. Morningstar analyst expects that investors will have even more funds to pick from going forward.
Since Goldman Sachs Asset Management brought in Thomas Kønig to rethink its Nordic strategy, he's been reinforcing the regional team. Last year, the industry titan opened a new office in the heart of Copenhagen, and Kønig is still scouting for new profiles, he tells AMWatch.
The fund industry in Sweden could be facing further consolidation due to increased regulation and a reduction of the number of funds in the Swedish Premium Pension System (PPM), writes Swedish financial newspaper Dagens Industri.