This is a newly launched fund which focuses on companies in the Clean Energy Sector. It is purely targeting an income return of 4.5% annually with the aim to at least preserve capital and where possible grow it.
The investable universe consists of equities, green bonds, closed ended investment companies and yield companies. The aim is to invest in renewable energy (companies owning renewable energy assets or operations directly linked to the funding, construction, generation and supply or renewable energy), and greener energy (companies that derive a significant part of their revenue from increasing the efficiency of or reducing pollution from generating and supplying energy or using energy).
William explained that the market for this growing, nearly 25% of global electricity, is generated from renewable resources and this is set to expand. Renewable energy includes wind, solar and hydro. The fund targets OECD countries so includes holdings in the UK, Europe, Scandinavia, New Zealand and the US. The assets of these companies may operate in other countries such as Latin America and Japan….read more