InvestNow News – 25th September – Pathfinder – Monthly Review – August 2020
Article written by Pathfinder – August 2020
Before moving onto market commentary, a couple of green energy headlines caught our eye in recent weeks.
In New Zealand, Labour is promising to bring forward its goal of 100% renewable electricity generation by 5 years to 2030 and support the development of pumped hydro schemes. Key will be the cost of making the goal achievable and we note that the market is already heading in a renewable direction under normal private investment signals.
Globally, Google has also said it aims to run on carbon-free energy by 2030
Alphabet’s Google aims to power its data centres and offices 24-7 using solely carbon-free electricity by 2030, building on its previous goal of matching its energy use with 100% renewable energy.
Given the large amount of power used, it is an ambitious target which would involve bridging the gap with batteries to store solar power overnight, emerging sources such as geothermal reservoirs and better management of power needs.
Renewable energy is a key investment theme across our funds and the above news highlights the consumer driven tailwinds behind the sector.
Disclaimer: Pathfinder is a fund manager and does not give financial advice. Before making any decision to invest you should (a) consult your financial adviser and (b) read the Product Disclosure Statement. This report is for information purposes only. Opinions constitute Pathfinder’s judgment at the time of writing and are subject to change. All returns calculated after fees before tax using the unit price.
Disclosure of interest: All of our staff invest in Pathfinder’s funds on the same terms as you.
The Global Water Fund and Global Responsibility Fund have been designated a Certified Responsible Investment by the RIAA (Responsible Investment Association Australasia). See www.responsibleinvestment.org for more details
*The Certification Symbol signifies that a product or service offers an investment style that takes into account environmental, social, governance or ethical considerations. The Symbol also signifies that the Pathfinder Global Water and Global Responsibility Fund Fund adheres to the strict operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product Provider. The Certification Symbol is a Registered Trade Mark of the Responsible Investment Association Australasia (RIAA). Detailed information about RIAA, the Symbol and the Pathfinder Global Water Fund’s and the Pathfinder Global Responsibility Fund’s methodology, performance and stock holdings can be found at www.responsiblereturns.com.au, together with details about other responsible investment products certified by RIAA.
1. The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.
^Volatility is on a rolling 3 year basis, for funds with less than 3-years of history the calculation is from inception. All returns are shown after fees and at 0% PIR.
InvestNow News – 25th September – Pathfinder – Monthly Review – August 2020
Article written by Pathfinder – August 2020
Before moving onto market commentary, a couple of green energy headlines caught our eye in recent weeks.
In New Zealand, Labour is promising to bring forward its goal of 100% renewable electricity generation by 5 years to 2030 and support the development of pumped hydro schemes. Key will be the cost of making the goal achievable and we note that the market is already heading in a renewable direction under normal private investment signals.
Globally, Google has also said it aims to run on carbon-free energy by 2030
Alphabet’s Google aims to power its data centres and offices 24-7 using solely carbon-free electricity by 2030, building on its previous goal of matching its energy use with 100% renewable energy.
Given the large amount of power used, it is an ambitious target which would involve bridging the gap with batteries to store solar power overnight, emerging sources such as geothermal reservoirs and better management of power needs.
Renewable energy is a key investment theme across our funds and the above news highlights the consumer driven tailwinds behind the sector.
Disclaimer: Pathfinder is a fund manager and does not give financial advice. Before making any decision to invest you should (a) consult your financial adviser and (b) read the Product Disclosure Statement. This report is for information purposes only. Opinions constitute Pathfinder’s judgment at the time of writing and are subject to change. All returns calculated after fees before tax using the unit price.
Disclosure of interest: All of our staff invest in Pathfinder’s funds on the same terms as you.
The Global Water Fund and Global Responsibility Fund have been designated a Certified Responsible Investment by the RIAA (Responsible Investment Association Australasia). See www.responsibleinvestment.org for more details
*The Certification Symbol signifies that a product or service offers an investment style that takes into account environmental, social, governance or ethical considerations. The Symbol also signifies that the Pathfinder Global Water and Global Responsibility Fund Fund adheres to the strict operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product Provider. The Certification Symbol is a Registered Trade Mark of the Responsible Investment Association Australasia (RIAA). Detailed information about RIAA, the Symbol and the Pathfinder Global Water Fund’s and the Pathfinder Global Responsibility Fund’s methodology, performance and stock holdings can be found at www.responsiblereturns.com.au, together with details about other responsible investment products certified by RIAA.
1. The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.
^Volatility is on a rolling 3 year basis, for funds with less than 3-years of history the calculation is from inception. All returns are shown after fees and at 0% PIR.
