News From Green Century Capital Management
2/19/2008 >> PA Treasurer Selects Green Century Balanced Fund for $5 million Investment
|Boston, MA, February 19, 2008 –– Green Century Capital Management ("Green Century") is proud to announce that Pennsylvania’s Treasury Department selected the Green Century Balanced Fund, a publicly available, environmentally responsible mutual fund, for a $5 million investment on February 13th through the state’s new environmental investment initiative, the Keystone Green Investment Strategy. This allocation represents one-third of the amount Treasurer Robin L. Wiessmann has invested in the initial phase of what she terms the "next frontier of investing" that considers sustainability a long-term investment consideration.
The Green Century Balanced Fund (the "Fund") was chosen through the Treasury’s Keystone Green Investment Strategy to seek superior returns for the state’s assets through investments in clean technologies, such as innovative alternative or renewable energy sources, and clean and green technologies that enable companies to reduce their emissions to the environment.
Adam Seitchik, Ph.D., CFA, portfolio manager of the Fund, states "the Green Century Balanced Fund is focused on investing in companies of all sizes that make strong environmental contributions toward a cleaner and healthier future. We are excited that Pennsylvania is taking the long-term perspective that competitive risk-adjusted returns are contingent on the vibrancy of our economy and the environment."
The Keystone Green Investment Strategy flows out of the state’s recently developed Pennsylvania Investment Principles that consider the impact of environmental and other strategic factors to determine appropriate investments. The Treasury office had identified long-term environmental drivers that have the potential to transform or disrupt the economy, including global climate change, price fluctuations of fossil fuels, and the regulation of carbon emissions.
"We commend Treasurer Wiessmann’s leadership in integrating environmental sustainability factors into the Treasury’s investment selection process," said Wendy Wendlandt, Green Century’s President. "Since our founding in 1991, Green Century has sought to promote environmentally responsible corporate behavior and a cleaner environment by investing in companies we believe are responsible and sustainable."
Green Century Capital Management is an investment advisory firm focused on environmentally responsible investing. Founded by a partnership of non-profit environmental advocacy organizations in 1991, Green Century’s mission is to provide people who care about a clean, healthy planet the opportunity to use the clout of their investment dollars to encourage environmentally responsible corporate behavior. Green Century believes that shareholder advocacy is a critical component of responsible investing and actively advocates for greater corporate environmental accountability.
You should consider the Funds’ investment objectives, risks, charges, and expenses carefully before investing. For a prospectus that contains this and other information about the Funds, call 1-800-93-GREEN, visit www.greencentury.com or email firstname.lastname@example.org. Please read the prospectus carefully before investing.
Distributed by UMB Distribution Services, LLC 2/08
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