The Ethical Funds Company will launch Ethical Global Dividend Fund on October 23, pending regulatory approval.

Ethical says the launch of the fund fills investor demand for monthly income from global investments in a socially responsible mandate. This demand is twinned with the reality of a growing segment of the population who want dividend income.

“More and more Canadians are looking globally for their investments and want to generate tax-efficient income with capital gains as well,” says Don Rolfe, president and CEO of The Ethical Funds Company. “The launch of the Ethical Global Dividend Fund will fulfill this demand and at the same time give investors the peace of mind that environmental, social and governance factors are taken into consideration.”

The fund will be managed by Toronto-based fund manager, Beutel Goodman & Company Ltd.

“Our firm strongly supports socially responsible investing and takes great pride in being chosen to manage this fund by The Ethical Funds Company,” says William Ashby, president of Beutel Goodman.

The fund will adhere to Beutel Goodman’s value investing philosophy and will focus on 30-40 dividend-paying stocks in global companies, which can grow both earnings and dividends.