The DNB ECO Absolute Return Fund is a UCITS III global market neutral hedge fund within the renewable energy sectors. We avoid intended market exposure with net cash and beta exposures (net exposure +/-20%). The ECO fund is a pure equity product and targets a gross exposure of between 200-400%. The fund is global and geographical tilts are limited. Tilts do occur on a sub sector basis where the driver for these is purely based on bottom up stock selection. As this is a sophisticated UCITS fund it means that the 5-10-40 rules will apply. The fund offers daily liquidity and 90% of the portfolio should be possible to terminate over 5 days.