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Highest-Ranked ESG Fund in the U.K. Is Betting Big on India

  • Stewart Investors India fund returned 31.2% through November
  • Fund is among few ESG leaders not relying on tech giants
India has a smaller carbon footprint than Europe and the U.S.
India has a smaller carbon footprint than Europe and the U.S.Photographer: Dhiraj Singh/Bloomberg

A major bet on India as a growth market for low-carbon projects just propelled a U.K. fund to the top of this year’s ESG rankings.

The Stewart Investors India Subcontinent Sustainability fund, which is domiciled in Britain but manages its 442 million pounds ($592 million) of client money from Singapore, returned 31.2% in the year through November according to Morningstar Inc. data. That’s better than any other U.K. fund using environmental, social and governance investing strategies over the same period, according to Morningstar classifications.