Triax Capital is launching the E2 Venture Fund Inc., Canada’s first labour sponsored investment fund designed to capitalize on the rapidly growing global demand for alternative technologies, solutions and products in the energy and efficiency sectors.

The E2 fund will also have a portion of its assets, initially 100%, linked to the performance of the S&P 500 Index, providing investors with immediate performance potential and greater diversification in addition to RRSP tax savings, a 35% tax credit and the long term return potential associated with venture investment funds.

With the launch of the fund, Triax is also providing Ontario investors with the option to further diversify their investment across a ‘basket’ of four LSIFs during this RRSP season.

Through the Triax Equal Access Manager Program, one investment can be spread equally across all four Triax LSIFs, each focused on different high growth sectors including alternative energy and efficiency, biotech and medical health, diversified technology, and wireless, digital and internet technology.

Investors choosing the TEAM Program receive a 32.5% tax credit in addition to regular RRSP savings and can increase the foreign content limit in their RRSP portfolio to 50%.

The fund will focus on investing in emerging Canadian leaders developing alternative energy and efficiency technologies to meet the global demand from utility companies, municipalities and large industrial corporations. Such technologies such as fuel cells, solar and wind power, alternative fuels and power electronics are expected to revolutionize the energy marketplace.