The following risks may be materially relevant but may not always be adequately captured by the summary  risk indicator and may cause additional loss: Concentration risk, Emerging market risk and Active management risk. Sustainability risks may lead to a significant deterioration in the financial profile, profitability or reputation of an underlying investment and may therefore have a significant impact on its market price or liquidity. The environmental, social, and governance (“ESG”) considerations discussed herein may affect an investment team’s decision to invest in certain companies or industries from time to time. Results may differ from portfolios that do not apply similar ESG considerations to their investment process.

Future Electrification 

one of the greatest opportunities in the history of capitalism?


Electrification is becoming one of the biggest system changes in the history of capitalism – and potentially one of the most significant investment opportunities of our time. Free-falling costs, massive efficiency gains and widespread applications will drive shifts in profit pools across sectors focused on energy demand, supply and enabling solutions.

Source: LOIM Research projections.

a large opportunity set.

LO Funds – Future Electrification aims to invest in companies that are at the forefront of rewiring the global economy. To identify opportunities, we focus on three themes that we believe are crucial growth drivers for mass electrification to develop a highly pure, global thematic universe for research-driven, active stock selection.

rewiring our economies.

There is broad and robust scientific consensus on the actions required to restore the ability of our planet to sustain life and economic activity. Championed by powerful institutions around the globe, governments, businesses and consumers, it underpins the CLIC® transition. Electrification is fundamental to this rewiring, and is accelerating at scale.


Source: Making Clean Electrification Possible (2021), Energy Transition Commission.
2019 – IEA Report.
2050 – Supplyside + energy productivity


Electrification is transforming the economy, and will generate key outcomes:

  • Outcompete the fossil-fuel economy
  • Unlock efficiency gains and support carbon neutrality
  • Offer the potential for major financial upside for investors
  • We have seen it many times before, yet it still surprises us. Technology-driven transitions tend to follow an ‘S-shaped’ curve.

    At first, change is almost imperceptible. Innovations progress from concept to proven solution. Supportive policies, and the prospect of new sources of profit compel companies to deploy resources and investors to commit capital. As production capacity builds, costs fall, and the winning solution approaches the tipping point of mass-market adoption.

    The transition, which started slowly at first, now happens all at once. Equity markets are generally forward-looking but still often fail to appreciate the scale and speed of change as the S-curve steepens. Electrification is at this stage, as three prerequisites for unlocking green growth coincide: affordability, functionality and accessibility.

    • Affordability: costs for wind, solar and batteries have plummeted by 60-80% in the last 10 years
    • Functionality: the efficiency of solutions such as heat pumps, electric-vehicle (EV) motors and LEDs now beat their incumbents by a factor of 3-5x
    • Accessibility: favourable economics and better performance are seeing these solutions become ubiquitous

    Source: LOIM Research.

    Source: LOIM Research. For illustrative purposes only. There is no guarantee that a target objective will be reached (not an accurate indicator).

electrification investment themes.

portfolio characteristics.

investment team and process.


Head of Sustainability Research
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10 Analysts
20 Analysts
18 Analysts 



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Lead PM Electrification
Junior PM Electrification
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  Other Equities PMs
6 Investment Professionals 


Equities CIO
Michael URBAN, PhD
Chief Sustainability Strategist 


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more about our funds.

Past performance is not a guarantee of future results. If the funds are denominated in a currency other than that in which the majority of the investor's assets are held, the investor should be aware that changes in rates of exchange may affect the value of the funds' underlying assets. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.


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Capturing opportunities as the energy system transitions to an electrified model.

important information.

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