ESG is the latest investing megatrend, but Mackenzie's Gregory Payne succeeded with a more targeted approach

Gregory Payne | Senior vice-president, portfolio manager, co-lead of Mackenzie Greenchip team Mackenzie Investments Bailey McLean/The Globe and Mail Environmental, social and governance (ESG) investing has surged in popularity in recent years. But Gregory Payne, a value manager who has focused on environmental thematic investing since 2008, sees better opportunities in a narrower range of companies that make stuff for a low-carbon economy or are part of the energy transition to renewables. He and John Cook co-manage the nearly $2.2-billion Mackenzie Greenchip Global Environmental All Cap Fund, which has outpaced the MSCI All Country World Index since late 2018. We…