Green fund blooming

A sustainable fund run by WHEB asset management outperformed its rivals by 3.6% last month. The fund grew in light of stronger investment in renewables as a backlash to the […]

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By Sumit Bose

A sustainable fund run by WHEB asset management outperformed its rivals by 3.6% last month. The fund grew in light of stronger investment in renewables as a backlash to the Japanese nuclear crisis.

The IM WHEB Sustainability Fund launched in 2009 invests in greener technologies and companies operating in three key areas of sustainability; climate change, water resourcing and demographics. The Fund outperformed the MSCI World index of 1500 global funds by 3.6% during March.

The fund managers led by Clare Brook believe that an upshot of concerns about risks from nuclear power and security of supply with oil boosted interest in alternative sources of energy. The accident in Japan following the earthquake and tsunami sparked a fresh wave of anti-nuclear sentiment and globally many countries including Germany put the brakes on nuclear redevelopment programs.

Also the increased turmoil in the middle east and in particular the uncertainty over Libya boosted interest in the renewable energy sector which grew by 10.7%.