Investors overwhelmingly believe that environmental issues offer tremendous long-term investing opportunities, Allianz Global Investors found in a survey of 1,264 adults with household financial assets of at least $100,000 in December.
Seventy-eight percent said the nation is likely to see more environmentally friendly policies in the first year of the Obama Administration than in the entire eight years of the Bush Administration. Another 74% said they believe Congress is now more supportive of investing in environmental technologies than before. Ninety-one percent said that finding solutions to environmental problems will be a major issue for years to come, and as for the time being, 64% said the environment is the most attractive of 10 investment secotrs.
Barack Obama won this election on a platform of change, and the regulatory changes are likely to be very positive for environmental investing, said Bozena Jankowska, lead portfolio manager of the Allianz RCM Global EcoTrends Fund and head of sustainability research. The type of stimulus President Obama is proposing represents a significant opportunity for investors. More broadly, the tone, intensity and content of the debate in Washington is changing, and thats what is really important.
Brian Gaffney, managing director and chief executive officer of Allianz Global Investors Distributors, added: The need for pollution control, clean water and energy efficiency is not going away. Investors perceive there is real opportunity here, and they want to capitalize on it.