09 Jun L&G to Launch Environmental Index Fund to Benefit Financial Services
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by Eileen Murphy
Legal & Gener al Investments h
ave announced that they intend to launch a new financial services fund on June 17th by investing in a global environmental stock market index.
The financial services fund, which will be named The Global Environmental Enterprise fund, is to be managed in Robert Dowling and will aim to invest in around 100 different stocks in the environmental sector at the behest of managing director Simon Ellis
The fund will focus on three sectors, namely;
- Energy Efficiency
- Low Carbon energy
- Water, Waste and Pollution Control
According to
Money Marketing "L&G cites a survey conducted by HSBC, which estimates the value of the low carbon energy market will grow from $740 billion (£452 billion) today to $2.2 trillion by 2020."
Mr Ellis describes the environmental sectors as "the least invested in and possibly the
least understood.
It is the next ’mega-trend’ for investment."
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