Fund manager Liontamer has launched its first Australian product, a water fund that invests in companies active in the global water industry.
The fund will be managed by the Liontamer's parent company, Belgium based KBC Asset Management (KBCAM).
KBCAM has been involved in the water industry for seven years and manages $2.4 billion in assets under management.
The KBC Global Water Fund will look to invest in 40 to 80 companies that will profit from the water sector. These companies include infrastructure companies and companies involved in water treatment, technology and distribution. Socially responsible investment criteria will be applied to potential investments.
The fund will focus on mid and small cap companies, especially those developing new technologies. The fund won't be investing in companies that produce bottled water.
"Water scarcity will become a global issue. There will be plenty of opportunities for companies that can profit by creating innovative technologies including those companies who are involved in the behind the wall sanitation solutions i.e. plumbing," Liontamer head of sales and distribution Simon Padley said.
The fund has been rated by Lonsec and is expected to list on platforms.
