American Eco was one of the stocks just put in the "spolight" by the Clean Environment Fund.
cleanenvironment.com
As they state .....
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The Clean Environment Family of Mutual Funds were established to invest in companies that fit the
principles of sustainable economic development.
The Clean Environment Funds are unique in at least two important ways. Our investment advisor,
Acuity, follows a disciplined, risk averse, conservative, value-based investment philosophy in the
Warren Buffet style that distinguishes our funds from other Canadian mutual funds. Our objective is
to create long term wealth for c lients by investing in outstanding companies strategically positioned
for significant growth over the next decade. Acuity investigates the firms thoroughly, then buys and
typically holds the stock for a long period of time. Portfolio turnover tends to be very low.
Secondly, by understanding the science underlying the technologies that companies use in the
products or services they provide, Acuity selects the ones that fit the environmental concept of
sustainable growth which is "development that meets the needs of the present without compromising
the ability of future generations to meet their own needs". Since gaining international recognition in
1987, this concept has resulted in a wave of new industries and technologies that redesign processes,
use alternative techniques and renewable resources, substantially increasing the profitability and
competitive position of the companies that employ a sustainable approach. For innovative companies,
sustainability represents unprecedented opportunity for development of n ew products and services
that provide solutions to the world's environmental problems.
It is these fundamental principles that guide Clean Environment's decision making process and have
produced excellent results.
Acuity Investment Management is actively engaged in the discretionary management of investment
portfolios for pension funds, mutual and pooled investment funds, and individuals. As at December
31, 1997 Clean Environment and its affiliate has assets under administration in excess of $275
million. |
