Green Dragon fund celebrates a near 6% boost


Several major holdings helped the Green Dragon fund gain 5.91% in December, taking the year's total to 55.19%.

The fund, an Asia including Japan equity long-bias vehicle investing in environmental technologies and services, has a concentrated portfolio of up to 20 stocks.

December's main contributors included Hyflux, a Singapore-listed water treatment and desalination company, China Everbright International, the Hong Kong-listed waste-to-energy company, and Bombay-listed biofuels firm Praj Industries, explains Environmental Investment Services Asia Ltd's Jeremy Higgs.

Jeremy Higgs

Despite the disappointing outcome of the UN Climate Change Summit of Copenhagen, which took place in December 2009,