The management team have proved adept at identifying winning stories within the three key areas in which the Fund primarily invests. Examples include:

Eco Energy
Vestas (Denmark)
Strong order book and in providing proving pricing trendsin wind turbines. Leading market position -25% of global wind market.

Pollution control
Umicore (Belgium)
Umicore is one of the world leaders in the production and recycling of non ferrous metals, including zinc. Zinc is potentially 100% recyclable. In Europe 90% of rolled zinc is recovered.

Clean water
Veolia (France)
Veolia Water has been selected to supply 3 million inhabitants with drinking water in Tanjin, near Beijing. This is one of China’s biggest water contracts, worth an estimated turnover of €2.65bn

Allianz RCM Global EcoTrends is the UK’s only dedicated environmental technology OEIC. It’s mandate is not constrained by ethical, green or sustainability screening and it enjoys a full international remit – EcoTrends opportunities are found across the globe. A maximum of 20% can be invested in emerging markets to balance potential risk and the Fund is diversified across the entire environmental technology sector, not just climate change stocks. The Fund has the flexibility to invest up to 30% outside the areas of eco energy, pollution control and clean water and transparent risk controls systems to provide accountability with respect to performance metrics