New Earth Solutions Recycling Fund Sees 50% Return Over Three Year Period
30 January 2012 - The open-ended New Earth Solutions Recycling Facilities Investment Fund has reached £100 million in assets – this represents an almost 50% return since its initial launch in 2008.
The scheme forms a sub-division of the Premier Investment Opportunities Fund, which has seen a growth of 11.5% annually in terms of its share price to reach a total return of 46.6%.
David Whitaker, Director at Premiere, commented on their success: “We are delighted that the fund has reached this milestone in a little over three years… at a time when the financial markets are beset by volatility.”
The Isle of Man based Premier Investment Opportunities has invested heavily in recycling plants – by receiving a share of the gate fees, their net asset value has increased impressively as each plant becomes more valuable.
Several insurance companies, including Royal Skandia, Friends Provident and AEGON have also invested in the recycling fund.
Its success is also credited to waste treatment and renewable energy specialist New Earth Solutions Group, who are based in Dorset.