The CQS New City Global Equity Fund has been awarded “applicant fund status” under the Luxflag ESG recognition scheme. CQS New City Equity is the long-only investment business of investment house CQS.
Luxflag ESG Applicant Fund Status is awarded to investment funds which are judged to incorporate a comprehensive analysis of environmental, social and governance analysis into their investment processes.
“A thorough analysis of ESG factors plays a critical role in a progressive and rigorous investment process, not least as companies that score highly in these factors often implement best practices across their business,” said Raphael Pitoun, a portfolio manager at CQS New City Equity.
“We will continue to fully investigate these criteria to drive our analysis of the best companies in the world for our clients.”
The CQS New City Global Equity Fund does not solely use ESG criteria to drive stock selection, but uses these to act as performance measures and to inform single stock analysis.
By meeting the Luxflag eligibility criteria, the fund becomes one of the first Irish domiciled funds to receive Luxflag’s ESG Label Applicant Fund Status. Last week, Alliance Bernstein was also awarded the Luxflag designation for two if its sustainable investment portfolios.
“The evaluation of ESG criteria is critical to understanding prospective corporate performance – and so will continue to be at the heart of our business,” said Jos Trusted, chief executive officer of CQS New City Equity.
“The ability to offer market leading ESG analysis is vital to our mission of delivering innovative investment solutions to our clients.”