A new investment trust intended to back green companies has been abandoned after it failed to raise the minimum £100 million target from retail investors. Liontrust Asset Management, the FTSE 250 fund management company, said it had dropped the flotation of Liontrust ESG Trust as applications fell “just short” of the required minimum. Liontrust, which boasts the environmentalist Sir Jonathon Porritt as an adviser, had promoted the new fund in marketing that included quotations from Sir David Attenborough. The aim was to raise £150 million initially and up to another £250 million in time.
Times 3rd July 2021 read more »