European Mid-Cap Equities: A Force for ESG Opportunities

While an investment in Lucerne Capital Management (Lucerne) is typically not driven by just Environmental, Social and Governance (ESG) considerations, we will illustrate below why we believe it is one of the main drivers of performance in our European Midcap universe and why positive ESG attributes are some of the main characteristics of the strategy. Europe has established a world leading position when it comes to ESG and creating a business environment focused on sustainability. As a result, we find many companies deploying innovative and scalable technologies across multiple sectors.