Powering Up. The growth of alternative energy has been recognised with a new investment fund out this week by capital protection specialists Liontamer. The New Zealand boutique investment firm, which Belgium bank KBC bought a 51 per cent stake in last year, has launched its Alternative Energy Series 1. The fund invests in a basket of 15 global companies involved in renewable energy production including using resources such as wind, solar, geothermal, biomass and hydro power. Liontamer is offering two options for investors; a 100 per cent capital protection version, which guarantees investors get their capital back at maturity as well as the potential for 90 per cent of the increase in value of the Liontamer Alternative Energy index, and a 90 per cent capital protection which offers 110 per cent of the rise in the index. Funds are locked in for five-and-a-half years unless strong returns lead to early release. Those who exit early face penalty fees. Liontamer is also launching alternative energy and climate change
unit trusts in Australia this year to add to its existing water fund,
which was launched in November last year. All of the funds have a socially
responsible investment focus.
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