Source: The Star

By Rudy Luukko

During nearly all of the 70-plus years of the Canadian mutual fund industry, not one fund has devoted itself to the most crucial commodity of all: water.

Now, in a sign of these environmentally conscious times, water is the theme behind two recently launched funds.

The first fund company to make a splash was Toronto's Criterion Investments Ltd. In late February, the company launched Criterion Water Infrastructure Fund.

The fund is managed by a Swiss firm, Pictet Asset Management SA, which runs a similarly themed fund in Europe with about 70 holdings and assets of about $4 billion.

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Posted by pichu at June 16, 2007 8:19 PM