Climate spending is very much an issue of either spend now or pay later.

This provides investors with a deep bench with which to capitalize on long-term climate-related spending trends. Moreover, there are clear reasons why companies and governments need to spend on climate and decarbonization efforts.
Many stakeholders are awakening to that scenario, and that could be constructive for investors, as the fund is home to companies with lower carbon footprints and less fossil fuels.
The combination of more standards backstopping climate funds, investor demand for these products, and a straightforward approach could prove attractive to long-term investors.