Brookfield’s $20 billion adds to rise in transition strategies

(Bloomberg) — U.S. President Donald Trump may just have dubbed climate change the “greatest con job,” but there’s growing evidence that energy transition investments are enjoying a revival.

Brookfield Asset Management said on Tuesday that it had raised $20 billion for the world’s biggest private fund dedicated to the clean-energy transition. That coincided with an announcement from Resolution Investors LLP that it had launched a global equity climate fund targeting $1 billion within a few years.

Investor interest in green stocks has picked up this year despite efforts by the Trump administration to axe policies that support the clean-energy transition. Since the end of December, the S&P Global Clean Energy Transition Index has risen close to 40%, compared with a roughly 15% gain in the S