October 09, 2008 Calvert Adds Global Water Fund to Series of SRI Portfolios     by Robert Kropp Anticipating need for $1 trillion investments annually, sustainable investors see water as key opportunity globally. SocialFunds.com -- Calvert Group, an investment management firm with over $14 billion in assets under management, has launched its latest SRI mutual fund. The Calvert Global Water Fund invests in utility, infrastructure, and technology companies that manage water resources. It is estimated that investments of $1 trillion a year in existing water technologies will be needed to meet demand for all water uses through 2030. Calvert maintains that dwindling supply and increasing demand, along with more stringent regulation and technological improvements, make a compelling case for water investments. Increased commitment to wastewater recycling, the need to update an aging water infrastructure, and improvements in filtration technologies are among the forces driving interest in investing in water. The Calvert Global Water Fund will invest in US and foreign companies whose main businesses are significantly involved in the water sector. Historically, the water sector has had attractive risk/return investment characteristics. Currently, world-wide investments in water-related mutual funds and exchange-traded funds are over $13 billion. The water fund brings the number of SRI funds managed by Calvert to 22, with approximately $6 billion in assets. © SRI World Group, Inc. All Rights Reserved. Order reprints | Send it to a friend | Print it | Save it Related Articles Calvert's New Growth Fund Has Global Focus Calvert World Values Fund Tackles Challenges of International Socially Responsible Investing Calvert Social Index Goes Live Calvert Launches New Social Index Calvert Brings Vanguard into Socially Responsible Arena Top