Fund managers are warming to climate theme

According to the Times online: …Within the past couple of months F&C introduced its Global Climate Opportunities fund and HSBC unveiled its Climate Change Fund. Virgin Money is starting a fund this month and Allianz’s Global EcoTrends Fund will be up and running next month. Schroders launched a climate change fund in September and Jupiter’s Ecology fund is more than 20 years old.

All these funds aim to benefit from growing concern over global warming and enthusiasm for products involved with wind power, solar energy and other ecofriendly businesses.

Sceptics might question whether this is a bit too much of a “niche” product, but Mike Fox, who runs the very successful CIS Sustainable Leaders Trust, a more mainstream ethical fund, says that there are big opportunities in the booming eco-economy….

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