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US-headquartered Essex Investment Management has launched a mutual fund targeting areas such as clean technology. The new offering is called the Essex Environmental Opportunities Fund.

The Fund will be offered in two share classes, institutional and retail shares. Essex’s distribution and mutual fund services partner for the Fund is Ultimus Fund Solutions, founded in 1999 and based in Cincinnati, the firm said in a statement. 

“We are investing in technologies that enable economies and companies to operate more efficiently and sustainably – to do more with less”, Rob Uek, co-portfolio manager for the fund, said. “That is the essence of clean technology - solving complex problems such as urbanization in the emerging markets, associated environmental degradation, and transitioning energy sources beyond fossil fuels in the face of global climate change”, Bill Page, co-portfolio manager, said. 

The fund is based on Essex’s institutional investment effort in public equities centered on environmental solutions, the Essex Global Environmental Opportunities Strategy, and will be the same portfolio of global equity securities.