Ontario investor Suns Group, manager of the Suns Sustainable Fund, says its future investment decisions will be heavily weighed toward renewable energy investments, such as wind and solar.
The mutual fund, which started in 2007, currently holds assets totaling just under $250 million. It invests solely in companies demonstrating a commitment to socially responsible goals, such as improving the environment and investing in communities, notes Suns Group.
‘By choosing to focus more narrowly on the renewable energy sector, investors are signaling their concern that the world simply cannot afford to wait much longer for innovative green energy solutions,’ notes Jemmy Oscar, fund manager at Suns Group.
Suns Sustainable Fund has investments in more than 100 publicly traded companies, such as Scottish and Southern Energy Ltd., Johnson & Johnson Inc., Johnson Matthey PLC and Unilever N.V.