October 09, 2008
Calvert Adds Global Water Fund to Series of SRI Portfolios
by Robert Kropp
Anticipating need for $1 trillion investments annually, sustainable investors see water as key
Calvert Group, an investment management firm
with over $14 billion in assets under management, has launched its latest SRI mutual fund. The
Calvert Global Water Fund invests in utility, infrastructure, and technology companies that manage
It is estimated that investments of $1 trillion a year in existing
water technologies will be needed to meet demand for all water uses through 2030. Calvert maintains
that dwindling supply and increasing demand, along with more stringent regulation and technological
improvements, make a compelling case for water investments.
Increased commitment to
wastewater recycling, the need to update an aging water infrastructure, and improvements in
filtration technologies are among the forces driving interest in investing in water.
Calvert Global Water Fund will invest in US and foreign companies whose main businesses are
significantly involved in the water sector.
Historically, the water sector has had
attractive risk/return investment characteristics. Currently, world-wide investments in
water-related mutual funds and exchange-traded funds are over $13 billion.
The water fund
brings the number of SRI funds managed by Calvert to 22, with approximately $6 billion in assets.