Polar Capital launches two funds for sustainable equity team

Polar Capital has launched two funds to be managed by the firm’s sustainable thematic team.

Thiemo Lang, who joined the firm in September, will lead the funds, which are the Polar Capital Smart Energy fund and the Polar Capital Smart Mobility fund.

These funds are the first to be managed by the recently appointed team and are classified as Article 9 funds under the EU’s Sustainable Finance Disclosure Regulation (SFDR).

The Smart Energy fund is a globally diversified portfolio, offering investors access to the “solution providers benefitting from the energy transition”. It seeks diversified exposure to several multi-decade growth themes, the company said.

Meanwhile, the Smart Mobility fund will invest globally in companies that support the decarbonisation of transport, including technologies, products and services that enable the electrification and automation of the entire transport sector.

 Lang said: “Investments in solution providers addressing environmental challenges have clearly gained momentum.

“Over the next decades we will witness a strong decarbonisation of the global energy sector, driven by clean power generation, affordable storage solutions and the deployment of the newest technologies driving down energy consumption. The electrification of the whole transportation sector is at the very heart of these transformational changes.”

Iain Evans, global head of distribution at Polar Capital, added: “The specialised team are experts in the field and will create diversified portfolios that take advantage of the opportunity in the sector. Thiemo and his team have an outstanding track record, and 70 years of combined industry experience.”

The funds are currently available in the UK and Ireland and will soon be rolled out across other European countries.

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