Swedish investor Swedbank Robur has launched a new thematic fund with a focus on solar, wind and energy transition.
Transition Energy, will invest in companies worldwide that will contribute to a future renewable energy system.
The fund will invest worldwide and focus on solar, wind and solutions for a sustainable energy system.
The holdings will be a mix of established companies with proven business ideas and new faster growing companies.
Swedbank Robur portfolio manager Robert Slorach said: “It is important that investors dare to be an active part of sustainable change and support companies and industries in this transition.
“The ambition is that Transition Energy’s composition and global focus will provide a good balance between risk and potential, with portfolio companies that help contribute in driving the energy system in a more sustainable direction.”
Swedbank believes that substantial investments will be required in, among other things, renewable energy sources, power grids, storage of energy and batteries as well as energy-saving solutions.
Companies that can come up with the best solutions to address these problems also have great potential to become very good investments in the long term, it said.
Slorach added: “The link between profitability and sustainability is strong, and we see that there are very good investment opportunities and a good return potential in the energy transition theme.
“By investing capital in related companies, we can support businesses and industries to change, while at the same time creating long-term value for our customers and society.”