Climate change pushes U.S. fund managers to bet on AC makers

FILE PHOTO: Air conditioners are seen on a vine-covered walls of a building in central Kiev, Ukraine, March 30, 2016. REUTERS/Gleb Garanich/File Photo

NEW YORK (Reuters) – Record heatwaves in Europe and Asia this summer are leading fund managers to buy shares of air conditioning manufacturers, betting that the public health risks of rising temperatures will compel businesses and apartment building owners to install cooling systems. Shares of Johnson Controls International Plc, United Technologies Corp, and Ingersoll-Rand Plc, […]

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