Lebanon, N.H.-based American Trust Investment Advisors LLC has launched the no-load American Trust Energy Alternatives Fund. The new fund will seek to identify domestic and international publicly traded companies that will play a role in meeting increased worldwide energy demand.
The American Trust Energy Alternatives Fund's investment objective is long-term capital appreciation. The fund will seek companies that are either directly involved in some capacity in alternative energy production or that are likely to benefit from the development of these technologies. The fund will screen almost 300 energy-related companies worldwide to evaluate the economic viability and scientific soundness of their products and services. The alternative energy companies included will cover a broad range of technologies, including solar, wind, geothermal, hydro, tidal, biofuel and other energy-generation or -storage technologies.
‘The fund will focus on three opportunity sets: eco-technology leaders, critical path companies and resource-based investments,’ says Carey Callaghan, chief investment officer at American Trust Investment Advisors. ‘The Energy Alternatives Fund will invest in companies pioneering sustainable practices and products as well as in companies that supply key parts, expertise or other value-added components to eco-technology companies. The fund will also seek to identify companies that own natural resources or other assets that are likely to benefit from these trends.’
The minimum initial investment in the Fund is $5,000 for regular accounts and $2,500 for individual retirement accounts. The minimum subsequent investment is $100.
SOURCE: American Trust Investment Advisors LLC