A news release said the new offering will focus on companies that will play a role in meeting increased worldwide energy demand as well as those that may benefit from renewable sources of energy generation. The fund will screen nearly 300 energy-related companies in more than 30 countries to evaluate the economic viability and scientific soundness of their products and services.
Carey Callaghan, CIO at American Trust Investment Advisors, and Paul Collins, president, will serve as portfolio managers.
“Since American Trust’s founding in 1991, we have operated with one main objective: capital appreciation for socially conscious investors. We strive to achieve this objective through the utilization of a disciplined investment process for securities. With that philosophy in mind, we believe that now is the right time to provide a similar socially responsible fund for sustainable alternative energy,” said Collins, in the announcement.
More information is available here.
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