Australia’s Clean Energy Policies Deter Fund Managers

The Arkx Clean Energy Fund’s managers are Australians who don’t have a dollar invested in Australia, a stance that’s unlikely to change after the Aug. 21 election.

“We want to invest in Australia, but you cannot invest in a country that doesn’t have regulatory clarity and, worse, where the policy direction is changing every six to 12 months,” said Tim Buckley, manager of the fund in Sydney.