Commenting in an article for Citywire magazine,  ethical fund manager, Mike Fox has cited Barack Obamas recent green stimulus package as having a beneficial impact both on development of the fight against climate change but also on the recovery of the world economy.

In the article about the effects of 'quantitative easing' (QE) Fox, manager of the CAM Sustainable Leaders Fund argues that the key benefit of QE for the green technology in the UK relates to the fact that QE will bring down the cost of financing for a number of projects, particularly wind power. Recently, due to the global credit crunch, many wind projects have been withdrawn due to lack of available financing but Fox feels that QE should ease this as well as helping in a range of other economic areas.

The CIS Sustainable Leaders Trust invests predominantly in wide range of UK equities and focuses on  sectors such as utilities, healthcare, telecoms and support services. For more information, see the attached pdf document or contact us on invest@ethicalfutures.co.uk