Vontobel Puts Funds in Smart Grids as Solar Weighed Down by Glut
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Vontobel Asset Management, a unit of Swiss bank Vontobel Holding AG, is putting money into smart power grids and efficient electric motors as its traditional solar and wind-energy investments are hurt by surplus supply.
“Alternative-energy sectors remain difficult given current overcapacity,” Pascal Dudle, head of global trend investing, said in an interview in London. “We are putting more emphasis on the energy-efficiency side, such as grid infrastructure markets and demand-side energy efficiency.”