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Rating:Calvert Rolls Out Alternative Energy Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 13, 2007

Calvert Rolls Out Alternative Energy Fund

Reported by Erin Kello

Calvert has rolled out its latest socially responsible offering, the Global Alternative Energy Fund. The Bethesda, Maryland-based fund firm tapped Dublin-based KBC Asset Managemenet Internationsl as subadvisor to the fund.

This morning, Calvert held a press conference at the Le Parker Meridian hotel in New York City to talk about the new fund -- the firm's 17th socially responsible fund -- and discuss the findings of a survey conducted by Opinion Research Corp. for Calvert.

Graham Hueber, senior project manger at the Opinion Research Corporation, outlined the survey's findings.

"Three out of four U.S investors are concerned about global warming and climate change," Hueber told reporters.

More specifically, the study found that seven in ten investors would consider investing in a mutual fund that focused on global alternative energy sources and technologies.

Jens Peers, head of ECO Investing at KBC, is the lead portfolio manager of the Calvert Global Alternative Energy Fund, which hit the market on May 31.

In an interview with The MFWire, Steve Falci, Calvert's chief investment officer, said Calvert did not enlist the aid of a consultant when it looked for a subadvisor for the fund.

"We looked at about four or five firms before choosing KBC," Falci said, pointing to KBC's expertise in the alternative energy sector and long history in socially responsible investing.

Calvert, which has roughly $15 billion in assets under management, has more than 40 funds in its lineup.  

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