Bank Sarasin has launched the "Sarasin New Power Fund" that focuses exclusively on the theme of sustainable energy. The fund invests in innovative companies active in the energy sector – either as suppliers, manufacturers or distributors within the value chain. In particular, the fund specialises in wind power, photovoltaics, hydroelectric power, fuel cells, as well as energy efficiency and energy management. The fund will offer broad diversification by geographic region, different energy types and technologies associated with renewable energies. Risk exposure will be reduced by investing in large cap companies whose business strategies are adapted to new developments and which follow sustainable and energy-efficient practices. The investment objective is to achieve long-term capital growth using a diversified investment strategy. The fund invests primarily in companies that have a far-sighted and innovative approach to the use of energy and whose commitment to sustainability also takes into consideration environmental and social aspects. Urs Oberer, head of fund products at Sarasin told WealthBriefing that sustainable development is one of the core competences of Bank Sarasin. The bank has one of the strongest teams working in this field- by number, diversity of experience and background. Based on past experience of investments in new energy products, Mr Oberer is confident that the Sarasin New Power Fund will outperform rival renewable energy funds. The initial subscription period for Sarasin New Power Fund runs until 27 April 2007.