The average Canadian citizen now has a way to invest in clean energy through the new Criterion Global Clean Energy Fund. Toronto-based Criterion Investments will invest in a diversified portfolio of clean energy companies worldwide that contribute to or benefit from the transition to less carbon-intensive energy. The carbon-free energy segment includes wind, solar and hydro; the low-carbon energy segment includes natural gas and biofuels; and the energy efficiency segment includes power monitoring and controls, and batteries.
“The drive for clean energy is a global theme that’s here to stay, offering a powerful investment opportunity for Canadian financial advisors and their clients,” says Ian McPherson, president of Criterion. “Investors now have the opportunity to capitalize on the global wake-up call to reduce carbon emissions.”
Geneva-based Pictet Asset Management SA will actively manage the fund. Pictet, with $120 billion under management, has established itself as a leading manager of funds based on global mega-trends. It manages the Criterion Water Infrastructure Fund as well as its own clean energy fund with over US$500 million in assets.
Canadian investors can purchase shares in the Global Energy Fund with a minimum C$500, which is available through financial advisors across the country.
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