Criterion Investments Ltd. has filed a preliminary prospectus for Criterion Global Clean Energy Fund with securities regulators across Canada.
The fund will be invested primarily in common shares and other equity securities of selected issuers involved in the clean energy sector throughout the world.
Pictet Asset Management SA, of Geneva, Switzerland, will serve as a sub-advisor to the fund. Both currency-hedged and non-hedged units of the fund will be offered.
Criterion believes that the clean energy sector offers attractive return potential because, among other reasons, there is increasing pressure to reduce carbon emissions as concerns about climate change have become prominent on the global political agenda.
The companies targeted will include:
- Firms in fields of resources, technology & equipment, infrastructure and energy efficiency that contribute to or benefit from the transition to less carbon-intensive energy, and;
- Firms that focus on carbon-free energy (such as solar, wind and hydroelectric); low-carbon energy (such as natural gas and biofuels); and energy efficiency (such as power monitoring and controls and batteries).