F&C Management Ltd. (F&C) has been appointed portfolio advisor for the Scotia Global Climate Change Fund, Scotia Securities announced Monday. The change is effective immediately.

“Global climate change is a reality that has the potential to impact the way we live, the companies where we work and the way in which we invest our money,” said Glen Gowland, managing director and head, ScotiaFunds and president & CEO, Scotia Securties. “We are pleased to partner with F&C, one of the world’s largest sustainable investment managers on this very important mandate.”

“We are delighted that Scotia Securities has chosen F&C to manage its Global Climate Change Fund. F&C has a quarter of a century’s experience analyzing environmental value drivers, and knows this market well,” said Karina Litvack, Head of Governance & Sustainable Investment at F&C. “With climate change now swiftly rising up the business and policy agenda, we anticipate numerous opportunities to benefit our investors by seeking out companies offering innovative solutions both to curb climate change and help society adapt to its inevitable effects.”

F&C currently manages in excess of US$166 billion worldwide and US$5.9 billion in sustainably managed assets.

SSI expects that the appointment of F&C will enable a smooth transfer of responsibilities and continuity of investment management for the fund. There will be no change to the investment objectives or investment strategies of Scotia Global Climate Change Fund.

IE