London, 8 February 2023 – M&G Investments today announces the appointment of Michael Rae as Fund Manager of the M&G Climate Solutions Fund and the M&G (Lux) Climate Solutions Fund.
With nearly two decades’ experience as a senior global energy equity analyst, Michael is an energy and renewables expert who has a strong focus on climate and environmental stocks. He joined M&G in 2019 and moved to the Sustain & Impact equity investment team in October 2022, where he also worked closely with M&G’s broader equities team on energy and renewable related companies.
It is estimated by the International Energy Agency (IEA) that achieving net zero emissions will require more than $4tn of investment per annum and the Climate Solutions Strategy launched in 2020, seeks to align investor interests with these broadening opportunities. With a mandate to invest in companies aiming to deliver solutions to the challenge of climate change, the strategy looks to generate attractive financial returns by investing long-term in sustainable quality companies, as well as deliver societal impact with measurable real world outcomes.
Michael reports to John William Olsen, Head of Sustain & Impact Equities, and there will be no changes to the aims, objectives or policies of the fund.
John William Olsen, Head of Sustain & Impact Equities, at M&G says: “The investment opportunities in clean and sustainable technology are substantial and we believe will continue to grow year-on-year. The global energy transition to Net Zero will require accelerated investment and innovation into new areas such as hydrogen, bio fuels, battery technology and energy storage and, as long-term investors, we are committed to playing an important role in decarbonising our economies. Our Climate Solutions strategy provides clients with direct exposure to companies who are at the forefront in providing solutions to meet these global challenges.
“Our impact team has a proven track record in identifying and supporting high-quality and impactful businesses. Michael’s experience in this sector complements the wider management team’s expertise and his appointment is testament to our track-record in developing internal talent to the benefit of our clients.”