Bakers Investment Group (BIG) has launched an alternative energy fund for the retail market on the back of “the global shift towards cleaner sources of energy”.
BIG chief executive officer Jeremy Baker said the new fund capitalises on “a once in a generation paradigm shift in one of the world’s most important industries”.
The Bakers Alternate Energy Customised Portfolio will invest in Australian Securities Exchange (ASX)-listed companies operating within the alternate energy sector. The fund aims to achieve capital growth and dividend income while outperforming the S&P/ASX 300.
The fund will invest across six sectors: low emissions utilities, renewable energy, natural gas, uranium, hydrogen and environmental technologies.
“With governments around the world encouraging the development of renewable and alternate energy sources to combat global warming and with petrol prices forecast to hit $2 per litre in the near future, the alternate energy sector presents an increasingly attractive prospect to investors,” Baker said.
BIG’s ALTEX Australia Index tracks ASX-listed equities involved in alternative energy. According to BIG, in the year to June stocks in the ALTEX Australia portfolio gained 12.1 per cent, while the ASX 300 lost 11 per cent.
The minimum investment in the fund is $5,000.
