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Ascalon launches clean energy fund

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By Victoria Tait
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1 minute read

Westpac Bank-owned Ascalon Capital Managers has launched a retail version of its Arkx Investment Management's clean energy fund, which provides exposure to climate change-related policies and regulation.

The Arkx Global Clean Energy Fund will invest in listed companies that operate in solar, wind, hydro, geothermal and other clean, renewable energy sectors.

The fund aims to outperform the MSCI World Index after the deduction of fees and expenses in Australian dollar terms and over a rolling five-year period.

It has a portfolio of 20 to 30 listed companies that have proven profitable technologies and strong balance sheets.