New energy fund launches next month

Hertfordshire based Fundamental Asset Management Ltd will be launching a new fund on March 1st targeting the energy sector. The £1million fund will focus on the providers of equipment and […]

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By Sumit Bose

Hertfordshire based Fundamental Asset Management Ltd will be launching a new fund on March 1st targeting the energy sector. The £1million fund will focus on the providers of equipment and services for the energy sector and will be open to both private and commercial investors.

Chris Boxall, joint Chief Executive, told ELN the new fund was in a growing sector: “In the past energy funds have been about investing in oil and gas companies. We’re not about just that, we’re looking at new technologies and many more energy efficient and renewable areas.

“This fund will be investing in the companies that make the drills and cables and photovoltaics, you could say the vital equipment that goes into energy delivery. As sources of energy are becoming harder to extract from the ground, the providers of equipment and services are busier than ever. Even the disaster in the Gulf last year has meant a whole range of new safety measures are now needed and the companies we invest in are making that specialised equipment.”

Asked what sort of companies would make up the fund Mr Boxall replied: “We’re looking at shares in huge multinationals to really small but growing companies. We see a future growth in both fossil fuels and renewables and believe it offers great returns for investors of all kinds.”

The SF Fundamental Eneergy Fund will be open to all traders from March 1st when it gets final FSA approval and minimum investment will be £1000. The fund will be licenced here and regulated by UK laws.