| Monthly comment for December |
|
2010-01-05
The year ended with sharp rises in both global indices and sector indices but especially for Save Earth Fund. The Fund rose in December by 7,13% which was the second largest increase since inception in June 2008 and better than the world index that rose by 6,52%. At sector level, water index performed best with a gain of 10,69% while the index for renewable energy and environmental technologies rose by 9,38%. The fund performed stronger than the world index also for the full year 2009, gaining 26,13% with a significantly lower risk measured as standard deviation. Thus the fund has outperformed the world index for two consecutive years with a cumulated 5,57%-points. The Fund has also performed significantly better than the index for renewable energy and environmental technologies and the water index since inception; 29,83%-points better than the index for renewable energy and environmental technologies and 10,43%-points better than the water index. During the month, all eyes were directed towards the Copenhagen conference (COP15). Unfortunately we had no binding agreement, primarily because of opposition from Venezuela, Bolivia, Nicaragua and Sudan, but we are of the opinion that it is not – at least in the short term - of any decisive importance for the development of the industry, as you can read here. What they, however, at the eleventh hour, managed to agree on was that: 1) the developed countries must reduce their emissions significantly by 2020 and developing countries must reduce the rate of growth in their emissions by 2020 - the exact figures is to be released no later than February 2010, 2 ) the rich countries agreed to finance the poor countries with $100 billion a year, starting in 2020, to reduce carbon emissions and with $30 billion for the next three years, 3) limit global warming to no more than 2 degrees Celsius above pre-industrial levels. The next attempt to try to achieve a binding global climate agreement is likely to take place in Mexico City in December 2010. 
Share Link: 
|
Subscribe to CB Fonder's monthly report
The fund in short
Save Earth Fund invests in renewable energy, cleantech and water management through actively managed funds, ETFs and stocks. The fund is the only of its kind in Sweden. Our aim is to generate a return that clearly exceeds that of the MSCI World index, with a lower than the average risk of environmental funds. No minimum investment. The management fee is 1%. Daily subscriptions/redemptions. Mr Carl Bernadotte, Mr Marcus Grimfors and Mr Alexander Jansson are responsible for managing the fund. Learn more about our managers here. |