GLG Partners have launched a long-only fund filtering the greenest companies from its $1.5bn European Equity Strategy. The fund uses Trucost data to find the companies in each sector with lighter environmental footprints.

Using Trucost’s data, the fund aims to invest in those companies that have an environmental impact which is 31% lower than the sector average.

In a comprehensive back test, GLG found that incorporating the environment into investment decision-making added 1.19% to the annualised returns of the existing European Equity Strategy.

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