First State releases Worldwide Sustainability fund launch details

First State Investments UK has launched the First State Worldwide Sustainability fund for senior portfolio manager David Gait, after receiving regulatory approval.

The fund will invest in companies in developed and emerging markets around the world “whose businesses manage sustainability risks and are well positioned to benefit from sustainable development themes”.

According to the asset manager, investment decisions around sustainability will be based on companies that take into consideration environmental, social and governance matters.

Gait, who is co-head of sustainable funds at First State Stewart, will also invest in companies that actively manage sustainability, sustainability developers or those which have a positive sustainability impact.

The retail “A” share class has a minimum investment of £1,000 and carries a 4 per cent initial charge and an annual charge of 1.75 per cent.