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Jupiter goes green

Jupiter Unit Trust Managers is getting green fingered with the new Jupiter global green investment trust.

The product is an investment trust aimed at investors who are looking for growth and income by investing in companies that improve the environment and which benefit society.

Global green investment trust will aim to invest in companies that that use recycling widely, and those which use public transport and environmental techniques such as using energy and water. The companies must also stick to health and safety standards. Companies involved in tobacco, nuclear power and the arms industry will not be invested in.

The product joins the small but increasing market for products that have a ethical or ecological basis for investments. It will also act as the rollover vehicle for the Jupiter international green investment trust, which is due to come to an end on March 31, 2001.

According to Standard & Poor’s the Jupiter ecology trust is ranked 8 out of 125 funds, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over three years to January 15, 2001.

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