To mark the 25-year anniversary of the £402 million ($622 million) Jupiter Ecology Fund, Jupiter has launched a second benchmark for the portfolio, the FTSE Environmental Technology 100 Index.
The index will track the 100 largest companies deriving at last half of their businesses from environmental markets, including renewable and alternative energy, energy efficiency, water infrastructure and technology, waste management and technologies, and pollution and environmental control services.
Commenting on the broad range of sectors that will be tracked by the index, fund manager Charlie Thomas said: “When the fund was first launched, the range of investable companies focused on environmental solutions was quite limited. Since those early days of investing, the world’s population has faced an urgent need to become more intelligent in the way we use resources. These issues are becoming part of everyday life, and governments and companies have responded with policies and innovation.”
The Ecology Fund is already benchmarked against the main index, the FTSE World Index. Since Thomas started managing the portfolio almost 10 years ago, it has returned 127.3 per cent compared to the 116.2 per cent gain in the FTSE World Index.
Meanwhile, an analysis of how the fund would have performed against the index over the last five years to end March 2013, shows a return of 21.2 per cent for the fund against a decline of 16.2 per cent for the FTSE Environmental Technology 100 Index.