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NEW LAUNCH - Allianz Global Ecotrends
The new Allianz Global Ecotrends fund is designed to benefit from very powerful trends. Across the world, Governments, companies and individuals are acting together to clean up the world, and research in recent times has highlighted vividly the imperative of this drive. Huge investment will be needed to tackle the environmental problem, and action to date is the tip of the iceberg. This action is taking place in what is called the environmental technology sector, which was worth $100bn in 2006, and is projected to grow to $750bn by 2016.
To help put all of this is context consider the following:
- since 2001 the US government has invested $18bn to develop cleaner sources of energy, which sounds a lot
- but consider that the Chinese Government has committed to spend $180bn to meet their clean energy targets
- and they are likely to invest $200bn just in water infrastructure by 2028
Individual companies have also illustrated a heavy commitment to environmental technology:
- BT will invest £250m to develop wind farms to reduce carbon emissions
- Wal-Mart is expecting to spend £500m a year to increase the fuel efficiency of its truck fleet
The fund was launched on 14th February 2008. It is not a new concept, as the mirror image of the fund has been running offshore since May 2006, and has already attracted over £1bn. Due to market turbulence since February the price is, not surprisingly, lower than at launch. We believe that this creates a buying opportunity. Click here for more details on the fund (including charges discounts) or to buy online.
Alternatives?
There are no obvious established alternatives. Our inclination is to additionally consider complementary funds, in particular one's that also seek to profit from relatively newly established global trends that are probably at a relatively early stage. Such funds are M&G Global Basics and MacQuarie Global Infrastructure - click on the fund name to review the fund or to buy online. Commodity funds also fit into this category (a fine example being JPM Natural Resources) but we would be a little wary in the short term in the wake of some remarkable price rises in commodity prices.
Just like to say, thank you for sending the latest Top Funds Guide. It is most informative....
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