Investors Group today announced its plans to add two new fund mandates, Investors Summa Global SRI Fund and Investors Summa Global Environmental Leaders Fund, to its fund offering.

The new mandates will join Investors Group’s existing socially responsible investing (SRI) fund and class to form the Investors Summa Fund Family. Corporate Class versions of each new mandate will also be introduced.

The funds are expected to be available for investment in November, subject to regulatory approval. Preliminary Prospectuses for the new funds will be filed shortly.

Investors Summa Fund Family takes an approach to investing that offers investors the opportunity to invest in funds that have a high level of sensitivity towards various social issues, including the environment. The Investors Summa Fund Family will provide a choice in investment options that range from the current Canadian focus of Investors Summa Fund (soon to be renamed as the Investors Summa SRI Fund) and the new globally diverse Investors Summa Global SRI Fund to a mandate that takes a more focused and proactive approach on environmental issues (Investors Summa Global Environmental Leaders Fund), each with their Corporate Class versions.

All of the Summa fund mandates intend to use third party global SRI screening services to assist Investors Group portfolio managers in evaluating the suitability of companies for their inclusion in each fund’s investable universe.

“The introduction of these new mandates as part of the Investors Summa Fund Family enhances Investors Group’s long history of socially responsible investing,” says John Wiltshire, senior vp of product and Financial Planning at Investors Group.

“Investors Group was one of the first major Canadian financial institutions to launch an SRI fund, the Investors Summa Fund in 1987. Twenty years later, Investors Summa Fund is the biggest SRI fund in the country.”

Investors Group also announced today that the name of Investors Summa Fund will be changed to Investors Summa SRI Fund (with a corresponding change to the name of the Corporate Class version of this mandate) to better align itself with contemporary industry terminology and to better reflect its socially responsible mandate.