Hermes launches global equity fund for Geir Lode

Hermes has launched a new global equity fund investing using a methodology that focuses on environmental, social and corporate governance (ESG) issues.

The new Hermes ESG Global Equity fund is managed by Geir Lode, who also manages the Hermes Global Equity fund.

The fund launched on May 1 and has an objective to beat the MSCI All Country World index by 3 per cent per year on a three-year rolling average basis.

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Mr Lode and the team behind the fund will make use of Hermes’ equity ownership services team, which analyses companies based on ESG principles.