BNP Paribas Asset Management has announced the launch of their Environmental Absolute Return Thematic fund.

‘EARTH’ is a long/short equity fund focusing on companies that are facing or addressing significant environmental challenges. Stocks are selected on a thematic, relative value or catalyst-driven basis and include developed and emerging market companies with a market cap larger than $1bn in the energy, materials, agriculture and industrials markets.

EARTH is jointly managed by thematic specialists Edward Lees and Ulrik Fugmann.