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, are all up 25% or more since the start of the year, well above the 19% gain in the U.S. benchmark S&P 500 index. Japanese companies Daikin Industries Ltd and Hitachi Ltd are also up strongly year-to-date.

source https://finance.yahoo.com/news/climate-change-pushes-u-fund-175812615.html?.tsrc=rss