Dan Powell
The Nanuk New World Fund returned 4.9% in January, outperforming traditional global equity benchmarks such as the MSCI ACWI which rose by 4.2% (all returns quoted in AUD unless specifically stated otherwise).
Some points covered in the report:
- Which country recently announced a hugely ambitious target of 500GW of renewable generating capacity by 2030. (Note: 1GW is the typical capacity of a large coal or nuclear fired power station).
- The CEO of the world’s leading offshore wind turbine manufacturer said the offshore wind sector was at a tipping point: 400 turbines expected to be built by the company in 2019 – more than the previous 8 years combined.
- California’s largest utility filed for bankruptcy protection: it had over US$70bn in assets at its last reporting date.
- Sectors expected to see strong growth in 2019.
Please follow this link for the latest Fund report (PDF).