January 29, 2008

Virgin's Climate Change Fund

Are you looking for a green investment for your greenbacks? Virgin Money has just introduced the Climate Change Fund:

An environmental fund with a difference, investing in businesses who are driving outstanding profit growth and are environmental leaders in their industry.
Unlike most green funds, we can invest in oil, transport, and every other sector, cherry-picking the environmental leaders in each who can offer the highest returns.

This fund predominately invests in Europe and promises to invest 75%-100% in lighter footprint companies, up to 15 % in solution adopters, and up to 10% in solution providers. The minimum investment is £50 (about $99) monthly or a lump sum of £500 (about $989). According to Sir Richard Branson,

Climate change is an issue which affects us all. Consumers are changing the way they spend and are increasingly looking for more environmentally friendly ways of investing their money too. I’m delighted to be teaming up with GLG Partners in offering the Virgin Climate Change Fund and look forward to delivering our investors excellent performance without it costing the Earth.

Want to know more?
GreenBiz.com
smartplanet
Huliq