Americans are hopeful that the environment will help rescue the struggling economy, according to a survey of 1,000 adults by Allianz Global Investors.
Seventy-three percent said enacting policies to promote green practices and technologies will boost the economy, and 57% believe the recent push to create green jobs will help turn the economy around.
Sixty-three percent said environmental technology stocks are the most desirable investment opportunity of 11 categories, and 54% said they are at least somewhat likely to invest in the sector over the next year.
“It’s clear to me that government investment in the environment will be an important engine for economic renewal in the United States,” said Bozena Jankowska, head of the RCM Sustainability Team and lead manager of the Allianz RCM Global EcoTrends Fund.
“During his State of the Union address last week, President Obama said, ‘The nation that leads the clean energy economy will be the nation that leads the global economy, and America must be that nation,’” Jankowska added. “This sentiment signals unwavering support which could represent a very significant opportunity for investors.”
“Environmental investing represents a unique opportunity for financial advisers to provide significant value and insight to their clients,” added Brian Gaffney, chief executive officer of Allianz Global Investors Distributors. “The environmental technology sector is complex, and innovation is occurring rapidly and on a global scale. Investors need guidance on how they can intelligently and profitably participate.”