April 09, 2008
New Fund Invests in Tomorrow's Green Stars
by Anne Moore Odell
ThinkCapital launches a green growth fund that focuses on sustainable companies.
Last week, ThinkCapital launched the
ThinkGreen mutual fund as part of a trio of new growth focused mutual funds. Looking to harness
the growth potential of "green" companies, ThinkGreen's managers will invest in companies from
anywhere in the world that meet ThinkCapital's green screens.
ThinkGrowth, ThinkGlobal, and ThinkGreen
are the first mutual funds from ThinkCapital Management headquartered in San Francisco, CA.
ThinkCapital Management is an affiliate of the investment bank ThinkEquity Partners and a
wholly-owned subsidiary of ThinkPanmure
Holdings. Michael Moe, Chief Investment Officer for ThinkCapital, and Stuart Pulvirent are the
co-portfolio managers for all three funds.
Companies in the ThinkGreen portfolio will be
selected for both their growth potential and their focus on sustainability, specifically "green
technology" and "green living."
"The ThinkGreen Fund seeks companies who can contribute
not only a great business model by contemporary standards, but who can also become leaders of a
budding industry with significant growth potential," said Michael Moe.
"We focus on companies that develop products or services designed around the sustainability of a
clean environment, and in regards to 'green living,' these companies will also find new ways to
serve the more basic consumer needs of the current global economy. We believe this combination of
novel solutions to age old problems will be the blade's edge in the economic growth of the green
The Fund will look for companies that are developing new technologies to
address the environmental impact of energy creation and manufacturing. This includes, but isn't
limited to, companies developing biofuels, recycling technology, solar energy, water purification
and wind power.
"Embracing new technologies is a key to achieving sustainable global
economic growth," said co-manager Stuart Pulvirent. "Improving the environment and living
conditions of all the planet's inhabitants is not only a social compact - it's good business and a
A survey released from Allianz Global Investors earlier this year found growing
interest in investing in green businesses, especially environmental technology. Nearly fifty
percent of the 1000-plus people surveyed said they were likely to invest in a company or fund that
Moe explained, "New sustainable technologies do not suffer from the same short
life expectancies as previous technology and energy investment vehicles, partly because many can
thrive indefinitely without expending natural resources, but also because they empower a growing
cause that people on all sides of the investment can get behind."
The ThinkFunds are
no-load funds. The initial minimum investment is $5,000 for direct accounts, $1,000 for direct
retirement accounts, $2,500 for automatic investment plans, and $1,000 for a gift account for
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