Square Mile has confirmed that the Schroder Global Alternative Energy fund –recently renamed from the Schroder Global Energy Transition fund – will keep its A-rating, despite the alteration.
The research and ratings firm said this is because there will be no changes to the way that the fund is managed, nor to its risk profile.
Schroders said the rationale for the changing of the name is to clarify that rather than investing in companies that are themselves transitioning to become more sustainable, the fund selects companies that contribute to the wider global transition to towards alternative, lower carbon sources of energy.
Additionally, the fund’s investment policy has been updated to clarify that the fund may invest directly in China H-Shares and may invest up to 15% of its assets directly or indirectly in China A-Shares and China B-Shares through Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, and shares listed on the STAR Board and the ChiNext.
The fund is already permitted to invest in these types of shares, but Schroders is making this change so that investors can better understand the level of exposure that the fund may have to these assets.
The name change is unrelated to the investment policy change.
Main image: greg-rosenke-tnSelTVCVIo-unsplash-
