Industry description
The investment seeks long-term capital appreciation.
The fund invests at least 80% of its net assets in publicly-traded equity securities of alternative energy companies (both U.S. and non-U.S.). It will invest in alternative energy companies including companies that generate power through solar, wind, hydroelectric, tidal wave, geothermal, biomass or biofuels and the various companies that provide the equipment and technologies that enable these sources to be tapped, used, stored or transported, including companies that create, facilitate or improve technologies that conserve or enable more efficient use of energy.