Toronto-based IA Clarington Investments Inc. is enhancing its socially responsible investing (SRI) lineup with a fossil fuel-free fixed-income product.
IA Clarington Inhance Bond SRI Fund will invest primarily in a diversified selection of government and corporate debt securities as well as preferred shares. It is designed for investors seeking income and capital preservation.
Vancouver-based Vancity Investment Management Ltd. will subadvise the fund, which will use Vancity’s in-house investment management process that incorporates environmental, social and corporate governance factors in the running of the fund.
“We’re seeing increased interest in our socially responsible investment offerings from investors who are seeking to combine financial return with making a positive societal impact,” says Eric Frape, senior vice president of products and investments, with IA Clarington, in a statement. “One of the unique aspects of the IA Clarington Inhance Bond SRI Fund is that, in addition to adhering to a responsible investment philosophy, the fund will be a fossil fuel-free fixed-income solution.”
IA Clarington Inhance Bond SRI Fund is the newest addition to IA Clarington’s Inhance lineup, which includes a monthly income SRI fund as well as SRI funds that provide exposure to Canadian equity and global equity.
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