Green investments ‘attractive’ for long term
This entry was posted on Wednesday, February 25th, 2009 and is filed under Green Energy.
Tags: Green Energy
Get in early before these holdings begin to rally, experts suggest
…One of the biggest long-term areas of growth for investors could well be companies developing environmental technology. Since U.S. President Barack Obama’s economic recovery and re-investment plan includes a strong emphasis on developing green technology, it could be one shining light on an otherwise gloomy investment horizon.
…There is also a tax incentive plan to stimulate the installation of renewable energy products and systems across America, so it could be time for smart investors to get in early on the next resource and energy cycle before green solutions begin to rally.
Matthew Patsky, manager of the Massachusetts-based $400-million Jov Winslow Global Green Growth Fund, is at the fore of this trend and strongly believes green investing is the place to be.
“There’s been tremendous growth over the last couple of years in North America particularly, but also over the past 10 years in Europe,” says Patsky. “Three years ago, we still had people telling us we should change the name because nobody knew what ‘green’ was. Now it’s become so accepted.”
“The near-term numbers are certainly not (attractive),” admits Patsky. “What makes (green investing) attractive is the long-term trends.”
Any company that develops viable products and services to address the green shift will be well-positioned for future growth and more investors are shifting resources to this rapidly emerging area.
By Derek Sankey, For Canwest News Service
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