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Gold/Mining/Energy : itemus Inc. -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (253)	8/28/2000 8:04:24 PM
From: caveat	Respond to of 293

Anyone seen this? "Merrill to launch £200m green energy fund" stockhouse.ca Here's the story Merrill to launch £200m green energy fund By Paul Farrow Merrill Lynch Energy Technology Data Exchange (ETDE) MERRILL Lynch Asset Management is launching the first investment trust to invest in alternative energy and energy technology companies. The global trust, called New Energy Technology, is looking to raise £200m and will be launched early next month. The new trust will invest in stocks embracing fuel cell technology - which is expected ultimately to replace the internal combustion engine - and companies focusing on renewable energy sources such as solar and wind power. MLAM, formerly Mercury Asset Management, believes that environmental pressure, industry deregulation and advances in technology will boost the energy sector which has been unpopular with investors recently. It says these factors have already led to a surge in investment in alternative energy by venture capitalists as well as the major oil, utility and automotive companies. The trust will be run by Robin Batchelor, who is part of the company's natural resources team. He will have access to specialised oil, gas and utility teams based in the US. There are currently only 90 quoted companies that focus on alternative energy, although MLAM expects 10 new issues in the next year.