London-based Alquity Investment Management and US-based Spouting Rock Asset Management have announced a joint venture, creating a new platform for US investors looking to access ESG (environmental, social and governance) funds.
The partnership will create a distribution platform for Alquity’s funds in the US, including its Global Impact fund and Future World Global Emerging Markets fund.
According to data from Morningstar, ESG-focused funds globally saw combined assets climb to $3.9tn in Q3 2021.
While Europe has been the stand-out leader in sustainable funds, both the US and Canada remain in the relatively early stage of adoption.
Alquity’s CEO, Brad Crombie said: “The North American market is an exciting opportunity to make a difference and deliver impact at scale. We believe both the US and Canada are prime markets to get ahead of the ESG and impact curve.
Crombie added that in order to do this you need partners with strong connections and a long-term commitment to the market.
“This is why we are so excited to work with the team at Spouting Rock who have the experience, relationships and distribution architecture to help Alquity establish itself as one of the leaders in the largest growth segment of the market.”
Spouting Rock provides alternative, traditional and thematic investment solutions that seek to enhance portfolios and protect wealth.
Andrew Smith, chairman of Spouting Rock, added: “We are committed to offering purposeful investment solutions for our clients, including ESG strategies that allow investors to align their capital with environmental and social values.
“Genuine, top-quality pure play ESG and impact investment managers are difficult to find, which is why we are so excited to have the opportunity to bring Alquity into the U.S.”
