CB Fonder issues new share class for Save Earth Fund
CB Fonder, the Stockholm based manager, has issued a new distribution share class for its Save Earth Fund, which is offering an annual 6% dividend yield as of the end-October NAV.
The Save Earth portfolio is focused on global green initiatives in three key areas: renewable energy, cleantech, and water management. The fund is not constrained by geography or specific allocation between the three themes.
CB Fonder aims to differentiate the fund from peers by deliberately targeting lower volatility than is typical for funds investing in green themes. Rolling standard deviation is lower than the benchmark MSCI World index, CB notes.
The new share class offers daily liquidity and requires a minimum investment of €0.5m The management fee is set at 0.5%.