Comgest launches EM fossil fuel free fund

Comgest has launched a new emerging markets fund with investor seed capital of $250m.

The Comgest Growth Emerging Markets Plus fund is backed by four UK investors, including the National Trust, the Joseph Rowntree Foundation, Guardian Media Group and the NESTA Trust, and is open to external investors.The fund applies a zero-tolerance approach to fossil fuel extraction, reserves and power generation. It will be managed by Juliette Alves, Nicholas Morse, Yann Gérain and Eric Voravong. Top holdings in the new fund include Ping An Insurance, TSMC and Sanlam.