Ascalon launches retail clean energy fund
BT Financial Group boutique, Ascalon Capital Managers has launched a retail version of its Arkx Investment Management clean energy fund.
The company announced the launch to retail clients today, claiming it would give investors exposure to listed companies operating in clean and renewable energy sectors, including solar, wind, hydro and geothermal energy.
Commenting on the launch, Arkx managing director Geoff Evison said that with energy consumption growing quickly and governments around the world responding to climate change, pressure was building for fundamental structural, economic and social change in favour of clean energy.
The company claims the fund is suitable for investors with a long-term focus, with the objective being to outperform the MSCI World Index after the deduction of fees and expenses in Australian dollar terms over a rolling five-year period.
AUTHOR
Mike Taylor
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