AllianceBernstein has launched a 'green' version of it's Managed Volatility Equities (MVE) fund, in which it aims to create and manage a net carbon neutral investment strategy through offsetting the greenhouse gas emissions of the fund.
The fund - dubbed MVE-Green Class - has the following three step approach to creating a carbon neutral fund.
The Managed Volatility Equities fund (MVE) typically invests in low-volatility equities, as they represent typically low-carbon emitters, and aims to achieve returns that exceed the S&P/ASX 300 Accumulation Index after fees over the medium to long term.