Shinko Investment Launches Second Equity Fund of Companies Fighting Global Warming

Japan's Shinko Investment Trust Management Co. announced on July 25, 2007 that it had launched a Global Warming Prevention Equity Fund, nicknamed Chikyuryoku 2 ("Earth Power 2"), with about 3,870 million yen (US$ 31.5 million) in funds raised during the initial subscription period from July 3 to 24. This is the company's second eco-fund (first one issued in 2006), and operates on quarterly settlements.

The fund will be invested in major stocks listed in the Global Warming Prevention Equity Mother Fund and KLD Climate 100 Index. From its trust fees, 0.05 percent of the total net assets will be donated to organizations working for global environmental conservation.

The KLD Climate 100 Index was the world's first global warming prevention index, developed by KLD Research & Analytics, Inc., an independent investment research firm for social responsible investment established in Boston in 1981. It was designed in response to a growing interest in global warming issues. The index has 100 stocks in companies around the world that have good business prospects, long-term solutions, and strong leadership on global warming issues.



Posted: 2007/10/11 04:24:44 PM
Japanese version