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February 9, 2007
Environment is In
by Steven Miyao
The environment is becoming big business, and investment firms are hurrying to cash in on the opportunity. Allianz just launched the RCM Global Eco Trends Fund, which invests in companies that support alternative energy, energy efficiency, pollution control, environmental quality, waste management, recycling, and the clean water sector. Fred Alger's is another firm that recently launched an emviromental fund, the Spectra Green fund.
I anticipate that investors will flock to this fund -- the underlying companies will also be successful due to the current environmental state.