Financial News: … Last week the Nex clean energy index bounced back from credit market jitters to near July’s high. This year it has risen more than 40%, against 7% from the S&P 500. The Jefferies Cleantech index is up 51%. Carbon trading was one of the few hedge fund strategies to deliver a positive return in August.
According to data provider Lipper Feri, a record-breaking 15% of the money flowing into equity pooled funds headed for ecological and environmental funds in the seven months to July. Last year the sector won only 2.6% of the total.
Allianz RCM has taken €1.5bn for its climate change fund following its rise in value by 24% since launch in May last year. It could have raised €5bn if it had not been afraid of swamping manager Bozena Jankowska with money.
According to information provider New Energy Finance, clean energy deals put together by venture capitalists in Europe have achieved an average return of 50%
1 comment:
Congratulations on your blog. I figure the more green investing information resources there are -- the better it is for us all as well as for the planet!
My site, which focuses on global ethical investing news, but which covers green related news too, is at www.investingforthesoul.com
Best wishes, Ron Robins
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