Mutual Fund to Focus on Clean Energy

Suns Group, managers of Canadian Suns Sustainable Fund, announced revised criteria that would heavily weight investment toward companies involved in renewable energy such as wind and solar.

“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 fund manager Jemmy Oscar.

The mutual fund firm, founded in 2007, holds assets just under $250 million. It only invests in socially responsible companies. At the end of the latest business quarter Suns Sustainable Fund reported investments in more than100 publically traded companies including Scottish and Southern Energy Ltd., Johnson & Johnson, Inc., Johnson Matthey PLC, and Unilever N.V.

Compensation for the Group’s fund managers is based solely on performance, as opposed to fees or commissions. During the 2012 12-month period the fund outpaced the equity market by 47.34 percent, and the bond market by 72.87 percent. The fund has outpaced the Standard & Poor’s stock average for ten consecutive business quarters.

To read the press release, click here

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