EUROPE - Abn Amro is launching a specialist fund designed to target investment opportunities in climate change and environment-related firms.
Called Eco-Invest, has been created by the firm's Eco-Markets group, with the assistance of Mercer's investment consulting team, and will invest in ‘clean' technology, acting as a facilitator of business for the bank in the context of product development.
One €25m investment has so far been made to the Kenmar global Eco fund, and a total of six funds have been selected for an initial total investment of €200m.
ABN AMRO's Eco-Markets team commissioned Mercer to undertake further research into clean technology investment opportunities to support its initial investments, having recently produced an investor report on clean technology.
Emma Hunt, European leader of responsible investment at Mercer, said this is an area seeing growing investor interest.
"The shift to a low carbon economy is creating a range of investment opportunities for long term investors. Smart investors have started to recognise these opportunities and are beginning to incorporate these ideas into their investment portfolios."