Wealth manager launches Asian "Green" Fund
Asian investment specialist, Lloyd George Management, has launched a new Asian Green fund, one of the first of its kind, looking to tap into rising environmental awareness in Asia.
The green fund is aimed at capitalising on increasing community awareness and government moves to take a more active stance on environmental issues across Asia. The Dublin-based UCITS III fund will be managed by Hong Kong-based portfolio manager MF Tang.
Tang is a director and founding partner of Lloyd George Management, which has around $18bn of assets under management.
The new fund will inveest in three areas: green energy, green technology, and manufacturing and green practices.
In terms of energy, the fund will look to invest in a number of alternative investment opportunities including geothermal power in the Philippines, wind turbine manufacturers in India, solar power module makers in China, bio-fuel plantation companies in Malaysia and Indonesia, coal seam methane producers in Australia and nuclear power technology companies in South Korea and Japan.
Chief executive Robert Lloyd George said: "Five years ago, we asked our portfolio managers the question ‘What does China need?' One of the clear answers was that natural resources would be a prime beneficiary. We believe that the ‘Greening of China’ and our LG Asian Green Fund represents the next theme in Asia.”
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