eQ LAUNCHES THE FIRST MUTUAL FUND IN FINLAND INVESTING IN CLEAN ENERGY
eQ continues to actively expand its fund portfolio by launching a mutual fund
concentrating on the production of clean energy as the first in Finland.
“We believe that the continuously increasing energy consumption, the concern
over climate change, and the accentuation of energy politics will lead to an
increase in the demand for renewable energy forms and a growing emphasis on the
importance of energy efficiency. The strong growth prospects of the industry
companies combined with good profitability make these companies very
interesting investment targets”, announces Jussi Sokka, the Managing Director
of eQ Fund Management Company.
The new eQ Clean Energy fund has been developed in co-operation with Pöyry
energy consultation.
In Pöyry's point of view, the improvement of energy efficiency and renewable
energy has a central role in controlling climate change and decreasing
dependency on imported energy. More and more countries attempt to restrict the
growth of energy demand with different mechanisms and promote renewable energy,
which inevitably creates markets for cleaner and more efficient energy
solutions.
The fund invests globally in companies, which operate in the sector of
renewable energy forms and its supporting sectors, or whose business is
essentially tied to the achievement of energy efficiency and energy savings.
eQ Bank's Asset Management unit is responsible for the fund's portfolio
management. The fund's investment activity will start on May 14, 2007.
eQ Bank Ltd
For more information:
Jussi Sokka Tel +358 9 6817 8617
Managing Director Gsm +358 50 380 3817
eQ Fund Management Company jussi.sokka@eQ.fi
Lauri Lundström Tel +358 9 6817 8627
Head of Asset Management Gsm +358 50 555 2864
eQ Bank Ltd lauri.lundstrom@eQ.fi
Distribution:
Helsinki Stock Exchange
www.eQ.fi
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