Criterion Launches Canada's First Global Clean Energy Fund

NAW Staff, Tuesday 11 September 2007 - 01:00:00

Criterion Investments Ltd., headquartered in Toronto, has introduced the Criterion Global Clean Energy Fund - Canada's first global clean energy fund. With the introduction of this fund, individual Canadian investors now have the opportunity to access a diversified portfolio of companies connected to the global shift to cleaner energies and lower carbon emissions, Criterion says.

The fund will invest in equity securities of leading companies in different clean energy sectors, including firms that focus on renewable energy sources such as wind, solar and hydroelectric.

"Every country in the world is being forced to come to terms with energy-related challenges related to lower carbon emissions, balancing supply versus demand and securing independent energy supply," says Philippe de Weck, senior fund manager at Pictet Asset Management SA, a Swiss investment firm that will serve as investment advisor to Criterion's fund. "As a result, we believe the clean energy sector could see significant growth in earnings over the next three years."

Available as both a currency-hedged and unhedged solution, the fund will be accessible through licensed financial advisors in all Canadian provinces, with a minimum C$500 investment.




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