The United States is ripe for "green" investing, according to a second annual survey released yesterday by global investment firm Allianz Global Investors. Seventy-eight percent of investors surveyed say the country will see more policies to promote business investment in new environmental technologies during the first year of the Obama Administration than during the eight years of the Bush Administration.
Furthermore, 74 percent believe the new Congress will be more supportive of policies to promote business investment in new environmental technologies than the old Congress.
"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 the RCM Sustainability Research Team. "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 that's what is really important."