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Oscar-winning actor and Hollywood heartthrob Leonardo DiCaprio has long been an environmental activist, but he’s now turning to the world of finance to help tackle his chosen cause.
DiCaprio has announced he will become a senior adviser to a new $150 million environmental unit at fund manager Princeville Capital that invests directly into tech companies fighting global warming.
Taking to Twitter, it appears he is willing to put his money where his mouth is, becoming an investor himself.
Proud to support Princeville Capital as an advisor and investor in their Climate Technology Fund. I look forward to working closely with the @princevillecap team and exploring how technology and private sector investments can help tackle #climatechange. https://t.co/RuHqnGKq7Z— Leonardo DiCaprio (@LeoDiCaprio) March 14, 2019
“What I like about Leo’s fund if you are predisposed to wanting to improve the climate or stop climate change, this is a fund that invests in companies that are trying to mitigate the effects of climate change,” The Motley Fool head of investment Scott Phillips told Your Money Live.
The major difference between DiCaprio’s fund and other ethical funds is rather than divesting from big polluters, his is actively investing in potential future solutions.
However, it’s important not to get caught up by celebrity when making financial decisions.
“It doesn’t mean it’s a bad investment, it just means you’ve got to be a little bit careful about it,” Phillips said.
For those who are looking to invest in companies working in a similar way, there aren’t a lot of options
“Most of these are very early stage companies and they may breakthrough or they may breakdown,” Phillips explained.
“If all you’re doing is buying shares from someone else in a company that isn’t going to make it, you’re only hurting yourself. Be a little bit careful.”