Harbour Asset Management's impact fund does better on climate than returns

The fund recorded a one-year performance of 2.51%, compared to 8.17% in its benchmark funds.(Image: Getty)

Tue, 21 Nov 2023

Harbour Asset Management’s sustainable impact fund has helped reduce emissions but has lagged its benchmark on investor returns.Harbour’s newly released second impact report noted the 669 million tonnes of CO2 equivalent emissions had been mitigated by 24 of the companies the fund invested in.The fund recorded a one-year performance of 2.51% as of Sept 30, 2023, with a market value of $6.36 million. That compares with the one-year return of 8.17% in its benchmark funds.Positive impacts A sum of $10,000 invested in the fund at i...

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