Is it because greens won’t put their money where their mouths are, or is it that they’re too economically illiterate to have money themselves?
THE bad news keeps coming for Australian international environmental equity funds and their investors. The latest is that DWS Investments has closed its Global Climate Change Fund.Australian international environmental funds are a new sector of the fund management industry that have tried hard to get off the ground. But after two years and the global financial crisis they are still struggling… All the six retail funds that began (in 2007) have faced difficulties and three have now closed.
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