Allianz launching onshore eco-fund

Allianz Global Investors will launch an onshore mirror version of its Global EcoTrends fund this week. Allianz says that the fund will be managed by Bozena Jankowska and will focus on the three key areas of eco energy, pollution control and clean water. Jankowska says the fund will pay particular attention to finding companies with innovative ideas to increase energy efficiency which she calls the “low-hanging fruit that we should have started with”.